IOTA: Alternate EW count looking more accurate
Updated
This is an alternate count to my previous idea - linked below.
Extted this that because: W3 of 3 started out strong and if my idea was correct, it would have picked up strength. It reversed hard very early after modest gains, and failed to make a HH of W1. Stoch is crossed bearish, RSI turned down, and MACD turned down. I felt best to cut this trade as it appears to be heading down and invalid.
This alternate wave count looks more accurate after this recent price action.
I will look for an entry at the end of B to catch wave C.
Extted this that because: W3 of 3 started out strong and if my idea was correct, it would have picked up strength. It reversed hard very early after modest gains, and failed to make a HH of W1. Stoch is crossed bearish, RSI turned down, and MACD turned down. I felt best to cut this trade as it appears to be heading down and invalid.
This alternate wave count looks more accurate after this recent price action.
I will look for an entry at the end of B to catch wave C.
Trade active
I moved my entry to 0.00007510, which hit this morning. Trade active!
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