IOTAUSD ($2.20): Party is about to begin!

And here we have another reverse head & shoulders, but this one is a bit tricky. its being capped by the bearish downtrend line. We will need to see that break before we make a trade.
However, volume is strong and all indicator are healthy. So there is a high chance we break out of the downtrend channel for a $2.20 target price.
If this helped you do drop a like!

ความคิดเห็น:

We managed to break both the neckline of the reverse H&S and the downtrend channel line. However, we have a bearish divergence on the RSI and weakening MACD. We should see a retracement to $1.95 before resuming the uptrend.
I am moving my stop to $1.90 for a free trade.