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CHART ART: IOTA Pennant Breaks Out but Where is the Follow Through?! by forexbrokr

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cryptocurrency · @forexbrokr ·
$41.20
CHART ART: IOTA Pennant Breaks Out but Where is the Follow Through?!
<center>http://www.forexbrokr.com/wp-content/uploads/2017/07/steem_title_image.jpg</center>

GOOD EVENING STEEMIT!

Just a quick Sunday evening IOTA chart update.  This weekend price action is just too good to not at least mention and I'm a stickler for a good trading narrative.

So remember yesterday’s [IOTA pennant pattern waiting to rip faces off](https://steemit.com/cryptocurrency/@forexbrokr/iota-pennant-continuation-pattern-ready-to-rip-faces-off)?  Well it’s crunch time.  Either the faces go, or resistance holds and we’re forced to re-evaluate.

Check out how the charts are playing out below:

> ### IOT/USD 4 Hourly
> https://pbs.twimg.com/media/DIHKLAsUwAAB3RO.jpg

### IOT/USD 4 Hourly
https://pbs.twimg.com/media/DIOz3uEUwAEHbdD.jpg

Pennant?

Goodbye!

> ### IOT/USD 15 Minute
> https://pbs.twimg.com/media/DIHKLA8UMAAxb11.jpg

### IOT/USD 15 Minute
https://pbs.twimg.com/media/DIOz6m5UEAEvI9E.jpg

Intraday retest of previous short term resistance turned support?

BOOM!

The only question that remains here is, is this an accumulation gift or is the lack of follow through a tell that the breakout isn’t going to be sustained?

With a project like IOTA, I really can’t see accumulating below $1.00 being an issue long term, but I really want to see our baby rip here from a technical analysis point of view.

<center>http://i.imgur.com/yHTbKyf.gif</center>

Just give it to us already!

---
<br>
Now, if you’re in Aus then enjoy what’s left of your Sunday night with some brand new Coccolino Deep:

<center>https://www.youtube.com/watch?v=_Omq1GVzzRA</center>

I don’t know what it is about this guy’s mixes, but they just take me somewhere else.  Perfect when you’re trading, charting or writing.  

Definitely get around them!

Peace.

<br>
 

---

 

<br>

 

## <center>Related @forexbrokr CHART ART Blogs</center>

<center>If chart setups that I've spoken about before are related out then I'll leave them here.</center>

<center>**CHART ART:** [IOTA: Pennant Continuation Pattern Ready to Rip Faces Off](https://steemit.com/cryptocurrency/@forexbrokr/iota-pennant-continuation-pattern-ready-to-rip-faces-off#@ztetrahedron369/re-forexbrokr-iota-pennant-continuation-pattern-ready-to-rip-faces-off-20170826t032433587z)
**CHART ART:** [Friday Altcoin in Focus: IOTA - IOT/USD](https://steemit.com/cryptocurrency/@forexbrokr/chart-art-friday-altcoin-in-focus-iota-iot-usd)
**CHART ART:** [Thursday Altcoin in Focus: TenX - PAY/BTC](https://steemit.com/cryptocurrency/@forexbrokr/chart-art-thursday-altcoin-in-focus-tenx-pay-btc)
<center>

 

<br>

 

---

 

<br>

 

<center>Please ***leave a comment*** with your ideas or just share a chart.</center>

 

<center>Blogging about markets is all about sharing ideas and making us see all possible angles. I look forward to ***having you follow along*** and reading what you throw at me.</center>

 

<center>**Twitter:** [@forexbrokr](https://twitter.com/forexbrokr)
**Instagram:** [@forexbrokr](https://www.instagram.com/forexbrokr/)
**Website:** [www.forexbrokr.com](http://www.forexbrokr.com/)

<a href="https://steemit.com/@forexbrokr"><img src="https://pbs.twimg.com/media/DFvvei4UAAU0Em8.jpg:large"></a></center>
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@aarcee · 
Nice @forexbrokr ... I do Bitcoin Charts, please have a look and suggest :-)
👍  
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@forexbrokr · 
Nice man, I've given you a follow.  Always good to have other traders on my stream.
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@aarcee · 
Thanks :-)
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@beautypics · 
good post thanks
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@forexbrokr · 
Naa.
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@codinggeeks · 
hi bro very well documented and well written i enjoyed it
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@forexbrokr · 
Cheers maaaaate.
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@gniksivart ·
$0.03
"Just give it to us already" my feeling on a few cryptocurrencies in the top 10 that are flirting with breakouts
👍  
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@forexbrokr · 
What else are you watching?
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@mikenevitt ·
$0.20
Good read thanks, let's hope IOTA can good on and on . Cheers mike
👍  ,
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@forexbrokr · 
Cheers Mike.  Are you a holder?  Accumulating here?
👍  
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@mikenevitt · 
Yes I hold some IOTA as well as a few others, not so much a trader but probably going to keep them for many years I hope, cheers for your reply thanks mike
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@mohammedfelahi ·
$0.41
Altcoin vs Steem , any similarity
👍  
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@forexbrokr · 
I don't really see similarities between STEEM and IOTA.  

But this is an advantage and why I have an interest in both.
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@mralan · 
Great charts. I think these trends will follow through.
<a href="https://www.youtube.com/c/mralanc?sub_confirmation=1">

<img src="https://steemitimages.com/0x0/http://i67.tinypic.com/zxjzt5.png"/></a><a href="https://www.youtube.com/c/mralanc?sub_confirmation=1"><img src="http://i67.tinypic.com/2d6wffo.jpg"/></a><a href="https://twitter.com/alan_craker"><img src="http://i68.tinypic.com/6olafq.png"/></a><a href="http://steemit.com/@mralan"><img src="http://i67.tinypic.com/syl27a.gif"/></a><img src="http://i68.tinypic.com/23hufzs.png"/>
<center> http://www.FlippyCoin.com is the #1 Cryptocurrency Exchange!<a href="http://www.flippycoin.com"><img src="http://i65.tinypic.com/r2ur9d.jpg"/></a></center>
👍  
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@forexbrokr · 
lolwot?
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