Double bottom is usually where the trend can reverse. So look closely and if in the next few days, price didn't get below 0.000068 it is likely to reverse and break 0.0001 again which means a huge +30% from the actual price. RSI is already oversold. Also after a big pump on bitcoin, market of altcoins often goes in a kind of roulette of pump with a new altcoin...
IOTA has had a pretty bad beat down lately. A falling wedge pattern is starting to form. There is no clear projection but if it performs, it should reach the old resistance line. 40% potential gain in the horizon.
IOTA found its bottom at $0.3633 in the very beginning of September, right after that it has a very nice 5 waves impulse all the way up to $0.75 (Wave I) after that an ABC correction to $0.37. (Wave II) A new impulse began mid September from the bottom of II to $0.61 making the first wave of a (Wave III) Now we at looking for the end of what i think its an...
IOTA/BTC on a key support, and forming a possible falling wedge pattern. A bit risky but it may be good to go long here.
IOTA is looking really good long. Obviously some things could be a little off but I see it hitting some high prices in the future on this Elliott Wave.
IOTA is looking fantastic, support and resistance is perfect. It might be a good idea to set buy orders at the support, be careful it does not break, however, this is probably unlikely.
WAIT: Consolidating after a big correction, with an uptrending support. Wait for breakout of resistance and check MACD, RSI, EMAs, MA to see if we buy a new uptrend. I think it will continue consolidating for 1 or 2 weeks.
IOTA is waking up, with nice volume building, and candlesticks rejecting lower prices. Potential for 100% Fibonacci return. Target as described. GL!
IOTBTC Looking to break through the 61.8 Fib levels and hold above the 50 EMA. A move bellow up trending will end in a consolidation or at the support level. Volume and MACD momentum build up.
They told me to zoom out. I zoomed in .