IOTA, Eyes on 4hour

27 abr 2018

Daily
Trend timeframe showing us double bottom (March 16th & April 8th)
Followed by an impulse leg towards our 0.000024000 resistance (Higher High)
Higher Low formed @ 0.00020000
Stochastic RSI showing momentum is bearish ( No signs of HH on Daily)


4hour
Shifting over to our patter timeframe we can see a bounce off our trendline.
A 4hour close above 0.00022000 activates our trade.
Stochastic RSI showing momentum is bullish.


Hourly
Lastly looking at our trigger timeframe we can see resistance @ 0.00022100
There is some room towards the downside, possibly a drop towards 0.00021250
A break and close above 0.00022000 on the hourly triggers trade

Conclusion
Buy: After price break and closes above 0.00022000 on the hourly or 4hour
Sell: Not in 2018