IOTA. Bull setup identified

25 ביוני 2018

Bullish Engulfing reversal in historical support area. Note the bullish divergence on 4hr with higher lows on RSI and lower highs in price. Historical support holding strong usually indicates a strong impulse reversal. If price action goes sideways we may retest support before bouncing but this setup indicates otherwise. Traders will see this bounce, trade safe!