The sine lines are measured from the last large breakout and breakdown points to show where the buying and selling pressure will be strong or weak, the end of the horizontal fibonacci shows where the bearish energy should be exhausted. if this price can reach the target buy zone then it should confirm an uptrend where selling pressure is low.
Disclaimers, not intended to be financial advice, not an expert.
I'm not holding any IOTA at the moment.
If you like the charting techniques check out trader 'bdkelly1203'
Note: strategy stats not relevant on this timeframe
Biffy
Disclaimers, not intended to be financial advice, not an expert.
I'm not holding any IOTA at the moment.
If you like the charting techniques check out trader 'bdkelly1203'
Note: strategy stats not relevant on this timeframe
Biffy
