IOTA. My target 1.3$
After a long fall, which lasted almost 9 months, in my opinion, this coin has completed the correction. I urge that at the price of 0.4 the last correction wave C was completed, which in its length and duration is similar to the wave A.
Almost 2 months the price is consolidated in the range of 0.5-0.6 $. A triangle formed, which in my opinion should shake up. In this case, Wave 1 will continue to form.
If you run rental lines, then the consolidation is now at the bottom of the falling channel, which worked 9 months.
My target coincides with the upper trend line of this incident channel and is 2.618 from the previous wave of growth and 61.8% of the corrected wave of C.
If you consider a smaller timeframe, one can see how the double bottom is reversed:
If the price goes below $ 0.53 - at best, the correction will be delayed in the range of 0.5-0.53 $. The critical point of this coin is $ 0.5
Almost 2 months the price is consolidated in the range of 0.5-0.6 $. A triangle formed, which in my opinion should shake up. In this case, Wave 1 will continue to form.
If you run rental lines, then the consolidation is now at the bottom of the falling channel, which worked 9 months.
My target coincides with the upper trend line of this incident channel and is 2.618 from the previous wave of growth and 61.8% of the corrected wave of C.
If you consider a smaller timeframe, one can see how the double bottom is reversed:
If the price goes below $ 0.53 - at best, the correction will be delayed in the range of 0.5-0.53 $. The critical point of this coin is $ 0.5
🎁 -20% on ALL trading fees OKX
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
Related publications
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.