IOTA has turned the corner and appears to be on an uptrend again. It currently looks to be in an ABC correction, which I don't think has been completed yet - whilst the 4 could be where marked and we go up from here, I think more likely the 4 will be put in lower down. Based on the count given, we could see this come back to the 0.5fib around 9.3k sats, or I think more likely down to the 0.618 around 8.9k. If it drops below 8.7k then the count given is invalid and we could see a retrace on the whole move to the low 8k's. If the count is proven valid by a turn at the 0.5 or 0.618 then we can target up to the 1:1 extension (12.8k) - or perhaps even further to the next major resistance in that range around 13.7k for a possible 50%+ gain.
As always, it all depends on BTC behaving.
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Looks like it is going roughly per the TA provided, so I’m looking for an entry in the 8.8k to 9.4k sat range in the next couple of days.
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This trade is setting up nicely. We have support at 9.5k sats and the C wave could technically have been completed as we have put in a price lower than the A, so it's possible we go straight up from here. Looking for a volume surge indicative of a reversal. If not then still buy in the original box.
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BTC is killing this setup. If we drop below 8.2k then the count is invalid, we’ll be looking for 7.7k then after that probably a new low below 6.7k.