A Descending triangle belongs to the bearish signs. It takes up to weeks to form that pattern. The height of the pattern is given by its previous top point and the horizontal line which makes the support. On our chart it works with Fibonacci levels perfectly. The exact height of the pattern just hits 0.236 retracement level. We can also see that the grows every time the price decline and not the opposite. The mood in the crowd is growing on strenght.
Just imagine what could happend if BTC retrace 200 - 300 USD. Once quite resilient IOTA is ready to follow Newton's law: What goes up, must go down. Still a great tech. and having a clear road map. Will appreciate if HODLing. If you bought close to ATH I suggest to low your stake and wait what's gonna happend. It could be an opportunity how to lower down your entry price. I will use 50% of my high stake.
Your feedback is greatly appreciated.
Good luck and peace!
Due to its extremely high Trading Cryptocurrency is very challenging. Potentially it can be a profitable opportunity for investors. However, before deciding to participate in the cryptocurrency market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly invest only money you can afford to lose.