IOTALong
IOTA To Continue Larger Elliot Impulse Wave in Dec
Updated
IOTA looks like it will finish Elliot Correction Wave on support at $1.18 (support based on previous resistance levels plus ichimoku cloud) before continuing on to leg 5 of the larger Elliot Impulse Wave. Stop loss set at just below trend line.
Opportunity #1 to take some juicy 70% profit and buy some last minute gifts at the 1.618 Fib extension ($1.99 - 2.08) before ending the year at the fib 2.618 level where a final profit of approx 150% can be realized at $2.93.
Timeframe? Ho Ho Hodl for 3-4 weeks.
Opportunity #1 to take some juicy 70% profit and buy some last minute gifts at the 1.618 Fib extension ($1.99 - 2.08) before ending the year at the fib 2.618 level where a final profit of approx 150% can be realized at $2.93.
Timeframe? Ho Ho Hodl for 3-4 weeks.
Note
Entry: $1.16 - 1.22Target 1: $1.99 - 2.08 (~70% gain)
Target 2: 2.92 - 2.99 (~150% gain)
Stop: $1.09 (~ -8% loss)
Trade active
Shot up WAY faster than anticipated but the TP1 and TP2 resistance levels were accurate. Next fib extension take profit level at approx. $3.78
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.