alexcrypto

$IOTBTC - Longterm view +72%

Long
alexcrypto Updated   
BITFINEX:IOTBTC   IOTA / Bitcoin
After reaching previous targets of over 300% gains for my previous analysis. I believe long term IOTA has more potential for a price increase.

At the moment, after the last rally a short term correction is in placeand will see price correcting a maximum of 21% before new high.

We topped at previous heights and the Resistance line comes from previous heights in August 2017.

A price projection is aided by a fibonacci fan that has been clearly respected by this symbol. We are resting on the 0.5 line at the moment and looking at a short term analyis (see below) we might see a break of this level soon.

Trade safe.

BTC tips welcome.
19rQXwYejShps3yT3NeoNMM58UdXtiDGaF
Comment:

We broke a significant resistance point. From here higher.

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