IOTA Update: If Wave 2 is done, then Wave 3 is Next!
IOTA placed Wave 1 through sub waves i,ii,iii,iv,v and recently completed abc (red) three wave correction. The retrace was deep but more of a spike down. Wave 2s can retrace supposedly as much as 99% of Wave 1 before it gets invalidated. So, in order for Wave 3 to really start, price has to bust out of the green resistance line. Let's see if the bulls can make this happen. Wave 3 can take this coin pretty far high.
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Very informative post, keep up sharing.
I hope you're wrong, I just added a little extra to my IOTA stack.. and if you're right, we're going down a bit first before it's back up! ;)
But I had to make a choice.. either leave it in XRP, or put it into EOS or IOTA. I'm done with XRP... and EOS carries some risk, while IOTA has been performing very strong for a while, so the choice ended up on IOTA. No regrets!
If you diversify you might better catch those massive surges that altcoins make.
Oh, I am plenty diversified. I'm spread out over about a dozen different crypto's, pretty much entirely altcoins. Was just cleaning up and getting rid of the ones I have lost confidence in and switching funds around.
Nice!
Looks like you were right... We are going down first, before we go up!
For me, it's a strange choice to leave XRP for EOS. I know i'm getting fundamental but XRP has more chance to rise this year due to the upcomming conference in october where EOS brings 2Mil tokens every day extra on the market untill end of juni 2018. Predictions for XRP is to 1$ by end 2017 where EOS is expected to rise after ICO ends which is jun 2018.
I know TA states that an event will justify/confirm the TA analysis.
I believe both coins have an upward potential, but I take for these two coins the FA in considiration. only my opinion ;)
Well, I have been holding XRP for a while and it has been very disappointing in price movement. I am sure it will go up some time, but my money will grow faster if I put it into something else in the meantime. Furthermore, I have kind of lost confidence in Ripple/XRP. Their potential is great but I am not so sure these days that the XRP token is ever going to be used by banks.
EOS was interesting because of the low pricepoint. Even with all uncertainty, price is sure to go back to $1.40 or something at some point. That was my main objective.. not really super long term.
what do you yhink about NXT? i think I see a cup and hanlde . What do you think
Here is the NXT update, please use only to augment your due diligence.
https://steemit.com/bitcoin/@haejin/nxt-update-bullish-and-bearish
I don't see a cup and handle.