We have seen previous correction of iota. Now as analyzes show it is heading to the next target at 2.299. indicators are in normal position and candlestick formation gives us good signal. If you use stop loss I have put it at 1.9144. Wish you lot of pips.
Iota successfully hit 1.99 resistance and it is giving a reversal signal. Doji candle has been formed , RSI shows overbougt and Macd MA-s are crossing, so we have good signal to short on correction now. reversal for buy point is at 1.80 level, because it is already Fibo Zone and there is strong support Line, for this time RSI and MACD will be in a good position...
It made triangle formation in a fibo zone with three hit on down border, so it most likely will go up to my target which is market in upper fibo levels.
After correction started from 2.20 price went down to the trend line at price 1.97 now we see reversal confirmed by head and shoulders pattern and next target as shown on fibonacci is 2.293. So Iota continues bullish trend as MACD EMA has a large space to go upward.
XVG after hitting first target got correction and then went to our second target. Now we see retracement at 0.0577 and it goes to the downside buy zone near 0.052-0.054 . after reversal at this point we will have two new targets one at 0.06 and second at 0.063 depending on Elliot waves the first target is more reliable.
