Short
IOTA - Corrective Pattern Wave B
IOTA appears to be most of the way through a B Wave in it's correction.
It may finish up here and begin it's C wave correction - or it may bump up a bit higher before beginning to fall.
I suspect this will be partly determined by what BTC chooses to do in the next couple days.
Either way, I doubt this coin is finishing correcting. Based on Fib Ratios from the A wave, I think it's final resting place will be near the 200 EMA line or just below it.
Somewhere between 0.000187 and 0.00018. It's very unlikely it will drop lower than 0.00017 due to the previous impulse wave's territory (if that is a real impulse wave).
I expect there to be another drop in the next 48 hours.
It may finish up here and begin it's C wave correction - or it may bump up a bit higher before beginning to fall.
I suspect this will be partly determined by what BTC chooses to do in the next couple days.
Either way, I doubt this coin is finishing correcting. Based on Fib Ratios from the A wave, I think it's final resting place will be near the 200 EMA line or just below it.
Somewhere between 0.000187 and 0.00018. It's very unlikely it will drop lower than 0.00017 due to the previous impulse wave's territory (if that is a real impulse wave).
I expect there to be another drop in the next 48 hours.
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.