IOTA/USD
Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Link to previous chart:
If you press play on the previous chart you'll see that we've retraced a bit further than my predicted area. This chart is a bit tricky because I'm not sure if we've found the bottom yet. If the bottom is in then we can resume the wave (3) impulse from the previous chart. On this chart I've also mapped it out in the minor pink wave. The reason why I say this chart is a bit tricky is because most of the altcoins retracement has entered the .238 fib area and iota hasn't yet. A double three corrective wave is still at play here in which we go a bit further into the red ABC wave or lower. If we go lower than the previous chart and this minor pink wave is invalid and the blue wave should be in play. Blue wave (3) price target is 4.44. I'll update this chart if blue wave plays out or the price target gets reached.
Link to previous chart:
If you press play on the previous chart you'll see that we've retraced a bit further than my predicted area. This chart is a bit tricky because I'm not sure if we've found the bottom yet. If the bottom is in then we can resume the wave (3) impulse from the previous chart. On this chart I've also mapped it out in the minor pink wave. The reason why I say this chart is a bit tricky is because most of the altcoins retracement has entered the .238 fib area and iota hasn't yet. A double three corrective wave is still at play here in which we go a bit further into the red ABC wave or lower. If we go lower than the previous chart and this minor pink wave is invalid and the blue wave should be in play. Blue wave (3) price target is 4.44. I'll update this chart if blue wave plays out or the price target gets reached.
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