IOTAETH has formed a massive s-h-s pattern. In addition to that, elliot wave 3 is in the making. Both the target of s-h-s and elliot wave 3 by 162% fibonacci extension are pointing to the blue box. I like where this is going.
We broke support line 0.0027 and it`s resistance line now.
So what do we have?
I guess we`ll see consolidation zone between 0.00165- 0.0027 ETH. After zone we`r going to the moon!
Where to buy?
-Buy zone 0.00226- 0.00165 ETH
-After breaking resistance zone and retest it 0.0027 ETH.
STOP:
- 0.00156
Scenario 1:
found support and is completing wave E, which could be setting for a bullish breakout . Could still stretch out for a day or 2 yet which does fit the volume movement diminishing
Or the support could be completion of wave E and could be starting new wave 1. In which case I'll wait for completion of wave 2. That'd be the safer play.
Scenario 1:
found support and is completing wave E, which could be setting for a bullish breakout . Could still stretch out for a day or 2 yet which does fit the volume movement diminishing
Or the support could be completion of wave E and could be starting new wave 1. In which case I'll wait for completion of wave 2. That'd be the safer play.
In my opinion Iota will recovery soon, as we see we can easily target +80% (It means almost 20B of Market Cap). If he continues his momentum.
Indeed he bounced at the bottom to take the updraft !
So, if, in the following days it break the resistance (=.0031) it will be a good rush !
The only problem is that when the ethereum increase, it crushes the rest of the...
Completion of the 4'th wave correction. Given the length of the 3'rd impulse wave, who knows where we could end up?
Divergence on price and RSI, which is below 30 on both 5min and one hour charts seems to confirm that we may be at the bottom
Disclaimer : Anything that I say is my own opinion. I have been doing my own personal research and believe that IOTA is an excellent investment. After following it for a few weeks I made a small investment. Any money that you invest is your responsibility. Do some research and learn about the currency yourself before putting your hard earned money into it. This is...
