RizeSenpai

IOTA: Bullish Butterfly RSI Bullish Divergence (Final Fib Level)

Long
BINANCE:IOTAUSDT.P   IOTA / TetherUS PERPETUAL CONTRACT
IOTA is currently sitting at the 1.272 PCZ of a Bullish Butterfly and this 1.272 extension happens to be the last positive Fibonacci Extension on the linear scale, meaning that this is probably the least risky area possible to buy IOTA and perhaps aim for much higher levels, even as high as 1–2 dollars.

Given how tight the entry and price action are, I think as long as it holds above 15 cents, we could see it go for some major Bullish targets.

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.