IOTA Technical Analysis Shows Potential Correction Bottom Pathway
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SUMMARY
So, IF Bitcoin (BTC) starts trend reversing up does this necessarily assure that the Altcoins will turn on the dime and do the same? Well, during the July and September 2017 corrections, there was a lag effect between BTC rend reversing and and the Altcoins. In fact, many Altcoins had continued to slightly lower lows while BTC was putting in higher highs. So, IOTA could do pretty much that by putting in a lower low at around $1.07 or so evenwhile BTC rises in a bull run. The below chart shows how IOTA carved out five wave impulse move up which was followed by a retracement. The current correction is near complete based on Elliott Wave mapping.
The EW closeup shows ABC Flat (3,3,5) in progress. The final C wave is marked by the blue ipulse five which shows tha 1,2,3,4 are placed and 5 is currently in progress. The target of $1.07 would make a slightly lower low but enough to cause price to become more proximal to the Apex which would give a better trend reversal setup potential.
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iota seems legit for long term holding so probably doesnt matter for short term up or down
Please do $PASC... because it is only on polo and could do well with new ownership there.
Nice you post
WTF kind of grammar is that?
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Coins mentioned in post:
http://arbiswap.com This Bear Market sucks just arbitrage![screenshot-arbiswap.com-2018.02.19-14-10-16.png](https://steemitimages.com/DQmWZehLT6k4h9UXfh7Cy9XhALzh1JMP8xYc2PVg2eMuyhN/screenshot-arbiswap.com-2018.02.19-14-10-16.png)
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@haejin Something interesting !!
Good idea 👌💪
Just like your disclaimer, it is for information. Although, have not being following crypto update that well. Just starting out, i know another coin again today. thanks!
Great post.Upvote me?
great post, upvote me?
HAEJIN only upvotes HIMSELF!!!
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