IOTX: Continuation
After bottoming out around $.15 with a breakout to $.44, IOTX has seen another massive 181% pump in just two days.
Now that it's correcting in this falling wedge pattern, I'm looking at two possible areas of re-entry. It tapped the .618 on the micro fib at $.265. It's also possible to drop to the lower $.20's, although less likely in my opinion. Keep an eye on the zones I have drawn above.
This is not financial advice. These are just my ideas and opinions.
Now that it's correcting in this falling wedge pattern, I'm looking at two possible areas of re-entry. It tapped the .618 on the micro fib at $.265. It's also possible to drop to the lower $.20's, although less likely in my opinion. Keep an eye on the zones I have drawn above.
This is not financial advice. These are just my ideas and opinions.
Note
IOTX tapped the .786 at around $.21
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.