IOTA finishing up symmetric triangle then blast off
Updated
Here we see a perfect symmetric triangle having been formed on the 4h Binance chart (made my day that TV finally added Binance!) IOTA has just finished wave C of a ABCDE elliott triangle wave and we are headed up wave D. Due to the positions (tops/bottoms) of the waves, we should very well expect price action to break above the triangle after finishing wave E.
If the waves continue to be parallel to each other (in other words, wave A and C and wave B and D show the same angles,) we should see a breakout around January 15th. If you are looking to accumulate, this may be the time.
I will update later on where I expect price to go once the breakout occurs.
As always, this should not be taken as investment advice and only be used for comparison against your own charts/analysis.
If the waves continue to be parallel to each other (in other words, wave A and C and wave B and D show the same angles,) we should see a breakout around January 15th. If you are looking to accumulate, this may be the time.
I will update later on where I expect price to go once the breakout occurs.
As always, this should not be taken as investment advice and only be used for comparison against your own charts/analysis.
Note
Breakout time?Stoch RSI seems to be suggesting that
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