IOTA formed big Cypher for powerful bullish reversal rally
Hey dear patrons, hope you are well, and welcome to the new update on IOTA (MIOTA) coin.
The previous bullish Cypher move of IOTA produced very big bullish rally:
Now this time on the weekly time frame chart, the price action of IOTA has formed another bullish Cypher pattern. After entering the buying zone the priceline has moved above the potential reversal zone area but it may give us another chance to catch it from this buying zone. I am expecting a big bullish reversal move from this Cypher pattern.
Buy and sell targets:
Buy between: $0.8888 to $0.5214
Sell between: $1.17 to $1.87
Stop loss:
The maximum extent of potential reversal zone $0.5214 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 250%, and the big loss possibility is 41%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
The previous bullish Cypher move of IOTA produced very big bullish rally:
Now this time on the weekly time frame chart, the price action of IOTA has formed another bullish Cypher pattern. After entering the buying zone the priceline has moved above the potential reversal zone area but it may give us another chance to catch it from this buying zone. I am expecting a big bullish reversal move from this Cypher pattern.
Buy and sell targets:
Buy between: $0.8888 to $0.5214
Sell between: $1.17 to $1.87
Stop loss:
The maximum extent of potential reversal zone $0.5214 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 250%, and the big loss possibility is 41%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.