IOTUSD Daily Chart for February 17, 2018
Today's candlestick resembles a sold block without the lower and upper wick-a marubozo - and it's no rocket science, which means that buyers are highly responsible.
Remember, when we check yesterday's candlestick, we notice that prices dropped and ended bearish.
My recommendation is to buy on every move back - especially to the middle BB. If we zoom to the 4HR chart, we note that the prices slipped from that line.
In this case, there are still higher heights that are important from the IOTA bullet perspective, and today we are waiting to see how prices react to $ 2.2, the midfield of this solid resistance zone.
XLMUSD Daily Chart for February 17, 2018
As we can see from the diagram, prices rise higher and with stochastic signals expand, it is likely that prices will continue to rally-as it does at the moment, which means that each move back in lower time frames is another ready purchase opportunity .
Let's not forget that we act from a top-down approach. If this week's end is bullish then there will be a sweet confirmation on a 3-bar reverse cow pattern - Morning Star in the weekly chart.
Therefore, all low times that print in lower time frames are another option for buying dips with bullets of $ 0.70.