$IOTA, Weekly Double Bottom…

4 thg 7, 2018

Weekly
Looking at our highest timeframe we see price has found major resistance at 24000 leaving us with a double top. Since then price has retraced towards our 15000 psychological support level, where we are now looking to form a wammie double bottom. Stochastic RSI showing momentum is starting to bottomed out. A weekly close above our 18000 resistance activates our trade.


Daily
Shifting to our pattern timeframe we see price has recently broke out of its descending bearish parallel channel. Stochastic RSI showing momentum is heading towards the upside, although we may have temporary peaked. A daily close above 18500 activates our trade, and we should see a push towards 24000.