IOTA long
IOTA was hit particularly hard in the market correction of 16-17th Jan as it was already in its natural ABC correction phase. I was lucky enough to pick some up at $2 knowing that it is due its next Wave 1 leg up afterwards. Here are my price targets based on Fib extensions.
The only warning with this is that the correction may not be over (look to BTC market to stay bullish and make new highs). If BTC turns bearish again we will see all alts going lower also, meaning that the C leg of the IOTA correction is not yet over. BTC does look strong at present but it is bouncing around 11800 region and could make a short-term double top here for a move back down.
The only warning with this is that the correction may not be over (look to BTC market to stay bullish and make new highs). If BTC turns bearish again we will see all alts going lower also, meaning that the C leg of the IOTA correction is not yet over. BTC does look strong at present but it is bouncing around 11800 region and could make a short-term double top here for a move back down.
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