IOTA - Let's start the New Year with Profits :) CUP AND HANDLE
Updated
Hi Trading View Family! Happy New Year & Happy Holidays :D Been taking a hiatus from Crypto during the break to rejuvenate and refresh. Crypto takes a huge toll and adds stress. Haha am on Elon Musk's sleeping schedule of Insomnia and 0 sleep :P
I purchased IOTA around $3.40-3.50 Range. The charts were just screaming for another ATH. If that happens has yet to be determined. We will need some massive volume that many Alt's have had during the past two weeks. Dec 18 was when the big 3 died and every single ALT chart started hitting ATH. I think we are starting to see a shift in the $$$ and whales might be circling back for IOTA, NEO, and the Big 3.
IOTA has had a consolidation for about 20 days. 25% C&H formation same as historical charts before the big pop off(Chart to the right).
The previous ATH was largely driven by news of partnerships. Whether or not we see this here is up to debate. However, a lot of ALTS have risen to ATH's with 0 news. Same with XRP smashing previous ATH of $1.50 and a double run to $2.75.
If we take that into consideration we can suspect a 96% Run from these levels and a final 100% run (historical numbers). We might see the pump at a more normal trajectory. While no formal partnerships have been made with Microsoft and other companies, these companies have formally agreed to beta test and use IOTA's Tangle Network and its vision of a marketplace of unused data. Very interesting and unique. If the technology works this is a unique identifier in the world of crypto.
I am currently holding long with a quick finger on the trigger incase IOTA bull run starts to run south. I am targeting profits at $4.5 - $8. I am taking into account XRP's recent run and double ATH. Excited to see where this coin will go. Hopefully, we can see moves within the next coming days.
Remember patience, emotional control, and bitch slap that FOMO outta here :)
Wishing you all well and Happy Trading!
I purchased IOTA around $3.40-3.50 Range. The charts were just screaming for another ATH. If that happens has yet to be determined. We will need some massive volume that many Alt's have had during the past two weeks. Dec 18 was when the big 3 died and every single ALT chart started hitting ATH. I think we are starting to see a shift in the $$$ and whales might be circling back for IOTA, NEO, and the Big 3.
IOTA has had a consolidation for about 20 days. 25% C&H formation same as historical charts before the big pop off(Chart to the right).
The previous ATH was largely driven by news of partnerships. Whether or not we see this here is up to debate. However, a lot of ALTS have risen to ATH's with 0 news. Same with XRP smashing previous ATH of $1.50 and a double run to $2.75.
If we take that into consideration we can suspect a 96% Run from these levels and a final 100% run (historical numbers). We might see the pump at a more normal trajectory. While no formal partnerships have been made with Microsoft and other companies, these companies have formally agreed to beta test and use IOTA's Tangle Network and its vision of a marketplace of unused data. Very interesting and unique. If the technology works this is a unique identifier in the world of crypto.
I am currently holding long with a quick finger on the trigger incase IOTA bull run starts to run south. I am targeting profits at $4.5 - $8. I am taking into account XRP's recent run and double ATH. Excited to see where this coin will go. Hopefully, we can see moves within the next coming days.
Remember patience, emotional control, and bitch slap that FOMO outta here :)
Wishing you all well and Happy Trading!
Note
Going according to plan :) load up boys.Note
I guess i failed to drop the recommendation here (its on my NEO TA) But i posted my Current portfolio and TRX has hit 550% ROI for one day of holds :) I still think it has more room to grow to $.20 - 0.30
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