I see a good possibilty IOTA is almost done correcting. The C-Wave may be incomplete yet, so I expect one more minor dip to complete the E of the second falling wedge. The correction is likely to be a higher degree wave 2, with wave 3 to follow now, usually meaning serious fireworks. I'm aware that this higher degree wave 2 retraced only 32% of wave 1 which is...
GTO popped up big time and there seems more to come. Wave 3 finished in an extended smaller degree wave (v). Wave 4 is in the making right now, likely to become a triangle. Yellow lines show some standard targets in relation to wave (1).
IOTA is on wings of nice volume and this time NOT strongly rejected by the falling wedge (green lines) that the token is ranging in since the big CC correction. This is very interesting since IOTA even could not make it out of the wedge when the VW-news came up but gains strength for days now without big announcements. The chart is forming a pennant (yellow lines)...
I still feel new to TA but already fell in love with elliot fractals. The ongoing correction is absolutly perfect regarding subwaves and targets. See how subwave C of wave B perfect hits the 132,8 % retracement, which is one of the main targets of wave C. Even in 15m candles you can count the subwaves piece by piece, hitting perfect their main targets one by one....
IOTAETH has formed a massive s-h-s pattern. In addition to that, elliot wave 3 is in the making. Both the target of s-h-s and elliot wave 3 by 162% fibonacci extension are pointing to the blue box. I like where this is going.
both main targets for elliot wave 5 found by fib extension located in the same area (wave 1 = wave 5 / 62 fib ext of wave 1-3), plus this is exactly the 0.5 fib retracement of the former heavy down impulse wave that kissed the temporary bottom at 6K. Since this is wave 5 of the recent uptrend you can prepare for a bigger ABC correction afterwards
trade at your...
