Iota bearish divergence, breaking neckline
Diupdate
Caught it a bit late but I think it can still be a profitable short.
Iota had a bearish divergence on the 1h, 2h, 4h iotusd chart and on the 1h, 4h iotbtc chart. Which would have been a great exit point.
When the neckline breaks I think we will see at least .64 usd Miota and maybe as far down as .58 usd Miota.
It looks like we're in the 4th wave down so one more push up after that seems likely and I will try to revit to approximately where later.
Ps. Not the cleanest looking charts but I hope the idea comes across.
Iota had a bearish divergence on the 1h, 2h, 4h iotusd chart and on the 1h, 4h iotbtc chart. Which would have been a great exit point.
When the neckline breaks I think we will see at least .64 usd Miota and maybe as far down as .58 usd Miota.
It looks like we're in the 4th wave down so one more push up after that seems likely and I will try to revit to approximately where later.
Ps. Not the cleanest looking charts but I hope the idea comes across.
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