After a symetrical triangle we can see a clear channel up.
Once we brake out of the channel stay alerted! 0.52 is a possible profit taking area meaning a pullback. Stochastic RSI looks bullish, but we can't confirm that - on Bitfinex 3 hours chart we see that we are in a heavily overbought area. We should see soon enough.
Our target reached. Position closed. Waiting for new entry as feeling very bullish about internet of things in the future years. Share your opinions and thoughts.
What are you thinking now? I sold at .51 when it seemed like it was going to come down a bit and provide another buying opportunity. I was wrong.
AwesomeTrade
⋅
@dcovelli, Now I think the whole market is getting out of scale. Too risky to enter now. One of many options is to buy back 1/3 with zero profit or loss and wait for another run. Personally I stay out of the game for now. I made a decent profit 57%. It would be much more now so I hold tightly the other half.
I Wish you patience and cool head.
(Personaly I laid some USD in EOS near the trend line. No huge gains, so a bit safer option with a possible break through...in the future:D)
GPUStar
⋅
Thank you "AwesomeTrade" for the update. Above all else, shouldn't investors be waiting until the IOTA maintenance issues have passed to do anything?
AwesomeTrade
⋅
@GPUStar, I feel pretty confident that intratrading on Bitfinex is secured. The maintenance which is taking place right now does not affect the exchnge platform. Sending IOTAS on tangle just took too much time till now. Hopefully this feature was targeted.
Thank you for posting.
Good luck and peace!