InvestingScope

IOTUSD: Triangle extension. Approaching a break-out. Short.

Short
BITFINEX:IOTUSD   IOTA
IOTA is practically extending the sideways trading within the 1D Triangle (RSI = 52.718), still on Lower Highs, resisted at 0.6500 by the 1W Channel Down (RSI = 40.817, MACD = -0.299, Highs/Lows = -0.0201, B/BP = -0.3135). Besides the obvious scalping within the Triangle, which is a short term trading opportunity, we remain bearish on the long run with TP = 0.3199, 0.1459.

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