IOTA: Where do we stand really from Elliot Wave?
Hello Trader,
We are currently on the 4th wave of the 5th wave of
IOTUSD. This means that we are correcting the long 3rd wave, and it looks to be a simple ABC correction, 38% FIB retracement and a strong bullish bar.
If the 4th wave correction is over at 0.6660 USD, then we should expect the target of the last 5th wave between 1.2 USD and 1.75 USD.
Happy trading
https://www.tradingview.com/x/DDA2IaBL/
We are currently on the 4th wave of the 5th wave of
IOTUSD. This means that we are correcting the long 3rd wave, and it looks to be a simple ABC correction, 38% FIB retracement and a strong bullish bar.If the 4th wave correction is over at 0.6660 USD, then we should expect the target of the last 5th wave between 1.2 USD and 1.75 USD.
Happy trading
https://www.tradingview.com/x/DDA2IaBL/
Trade closed: target reached
:) you can short now if you wish
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