Not at that time but just an idea. We had 78% correction wave (II) on big impulse wave (I) and started impulse wave (III). First we need to break 100 DMA(green line) and EW correction (B) top around $0.65, if that happens then we could go up to $1, where we see big resistance level( also big physical level), and end of impulse wave 1. Then a 50% correction and upwards to wave 3 around $2 mark(168% of wave 1) and another physical level. Then we see a 38% correction to around $1,5 and again upwards to impulse wave 5 to $2.50-$2.60 as the big impulse wave (III) ends.
Note
I should have used a bigger time frame, its not going to happen at that time frame like in the graph, because there is a lot of flaws in IOTA at this time. But if they fix them then I think it could happen.Note
Note
I think we are near the end of wave 1, like I said big resistance at $1 mark. As of now there is almost 500k units sell wall at $1 mark(in bitfinex). Lets see if it holds or not. If not then at €1,2 mark there is 810k wall.Note
Break support line. I think we can see 0.65. I think there will be support at previous lows around 0.73, but eventually will go down to 0.65 and then take the III wave up. In BTC/IOTA pair I see bigger support at 9000 level.Note
I think we are done with correction. Stoped around $0.66 allmost my prediction. Now heading for that III wave upwards. But i'm cautious with buying right now. Because we might be forming a big wedge pattern on bigger scale. If we can preak that then I'm more sure we are hedding upwards.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.