IDEAUSDT Short-term opportunity for $0.800

24 nov. 2021

Ideaology is forming a bullish break-out pattern on the 4H time-frame. This presents us a quick short-term opportunity for profit.

As you see the price has been trading within a short-term Triangle since the November 03 market top. This resembles the October Triangle, which after it broke upwards, it delivered the November market top. The key here is the Lower Highs trend-line of the Triangle. If it breaks and the October fractal gets repeated, then IDEA should target $0.800 within a few days. The price is currently supported on the 4H MA50 (blue trend-line) and the condition for this break-out to be valid is to hold the 4H MA200 (orange trend-line) as it did on October.

The longer IDEA holds it, the greater the chances for a November 02 - 03 type rally towards the 3.5 Fibonacci extension and $2.000 before the Christmas break. Based on this recurring pattern I am confident we will see this happening. Technically that makes the current price levels, the ideal buy entry. Don't miss it.



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