BITFINEX:IOTUSD   IOTA / U.S. Dollar
344 views
4
Looking at IOTA it appears there was a clear reversal with the Double Bottom . Wave 1 starts immediately after the Double Bottom is confirmed. Wave 1 is roughly the value from the top of the Neckline on the double bottom to the bottom of the double bottom (6 -8 cents). Wave 2 clearly retraces to the 61.8 of Wave 1 on the Fibonacci. This should put Wave 3 in the 60 cent area. Expect Wave 3 to extend (since this is the usually the wave that does extend). We might see the first pump stop around the top of Wave 1, extend, then continue it way up to the 60 cent mark.
Comment: Looks like the start of wave 3! Dragged its feet for awhile

Comments

Not following your waves...
Reply
dropd01 Dimmy
@Dimmy, It really stalled out taking its time. Testing my waves lets see how it turns out! Its not that hard to project what the price targets are with the Fibs but time-frame is a whole different story
Reply
Well, I sure hope you are right :)
Reply
dropd01 The_Shit
@The_Shit, Me too!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out