IOTA COULD SHOW SIGNS OF ANOTHER LEG DOWN IN CRYPTO MARKET
Updated
I am mostly interested in IOTA, ETC, EOS in short term trading. Its just not a good time to consider long term investments since I am a day trader but when looking at IOTA on a 4h chart it just doesnt seem IOTA is done with its ABC correction pattern. 1.33$ seems its gonna be crucial resistance where we could form top of 4th subwave in C correction wave.
Just be careful. This would correlate to BTC -0.31% dropping down to 4.8-5k threshold which would be a must hold level otherwise we will see next high volume trade zone around 3k.
Just be careful. This would correlate to BTC -0.31% dropping down to 4.8-5k threshold which would be a must hold level otherwise we will see next high volume trade zone around 3k.
Note
As anticipated, IOTA hit my target box with a low of 0.55 USD. I count we are in the very end of a 3rd sub wave in the last 5th wave of C wave of ABC correction and this last 5th wave structure clearly forms an ENDING 5th WAVE DIAGONAL. We should be getting a solid bounce up to upper resistance channel somewhere around 0.8-0.87 ranges then into a last 5th wave down (which can also be a truncated 5th wave. More info will follow as we get more information.
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.