So this is my first attempt at plotting the Elliot Wave, but the points nail the fib lines. We've just broke the strong 0.64 resistence and we're headed for 0.80 (1.68), possibly within the next 3 days. It's been a rough few months for IOTA after hitting it's ATH (or good if you've been accumulating in the $0.30s.)
Good times ahead.
Good times ahead.
Comment:
Here's a closer image of the waves. I also realized I messed up the fib retracement, so it's now fixed.
Comment:
IOTA is maintaining the upward trend as suggested by the 5th wave almost perfectly. Be on the lookout for resistance at the $0.80 point and decide whether you want to go short or keep the long, depending on what lil IOTA wants to do.
I'll try to keep the updates coming as we move along.
I'll try to keep the updates coming as we move along.
Comment:
Sorry, I meant to mention that I had moved the end point of wave 5 earlier. Not cheating, I promise ;)