Hi guys, here s my update on IOTAUSD pair. I am following this pair for 1.5 years, day trading in and out but for this play I have large amount of my capital ready to buy IOTA in 99 scaled laddered orders once and if we brake 0.20$. Most of wave 3s in this correction dropped down by 60% so its logical to assume if we see a brake of 0.2$ we will look for a support...
As I posted my first idea almost month and a half ago when IOTA was above 1$ that we will see another leg down as C structure in ABC correction is still on going and as a result we just hit my target box on the dot, we can clearly count 3 sub waves in a C structure almost done and a bounce from here would take up to mid 0.8$ where ENDING 5TH WAVE DIAGONAL...
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...