candlegreens

Downstream channel and triangle

BITFINEX:IOTUSD   IOTA
IOTA is steady on a downstream channel but is now approaching a bullish trendline that corrected it.

The motion shown is a channel that is being broken with the formation of a triangle.

If the currency breaks up is kind of operation is high risk because it is going against the primary trend, which is high. However it is possible to make good profits, since we wait a pullback

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