Not at that time but just an idea. We had 78% correction wave (II) on big impulse wave (I) and started impulse wave (III). First we need to break 100 DMA(green line) and EW correction (B) top around $0.65, if that happens then we could go up to $1, where we see big resistance level( also big physical level), and end of impulse wave 1. Then a 50% correction and upwards to wave 3 around $2 mark(168% of wave 1) and another physical level. Then we see a 38% correction to around $1,5 and again upwards to impulse wave 5 to $2.50-$2.60 as the big impulse wave (III) ends.
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I should have used a bigger time frame, its not going to happen at that time frame like in the graph, because there is a lot of flaws in IOTA at this time. But if they fix them then I think it could happen.
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I think we are near the end of wave 1, like I said big resistance at $1 mark. As of now there is almost 500k units sell wall at $1 mark(in bitfinex). Lets see if it holds or not. If not then at €1,2 mark there is 810k wall.
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Break support line. I think we can see 0.65. I think there will be support at previous lows around 0.73, but eventually will go down to 0.65 and then take the III wave up. In BTC/IOTA pair I see bigger support at 9000 level.
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I think we are done with correction. Stoped around $0.66 allmost my prediction. Now heading for that III wave upwards. But i'm cautious with buying right now. Because we might be forming a big wedge pattern on bigger scale. If we can preak that then I'm more sure we are hedding upwards.
IOTA is currently in nice little Cup&Handle and very bullish with huge buy orders on Bitfinex. Those "flaws" are temporary and basically nothing compared to the potential it has. People understand this and want in ASAP. But to reach levels you described, IOTA needs more exchanges and better wallet. Until then, I believe we will stay under $1, but very bullish just waiting to explode up. :)
Fundamentals are against this. 1) not really decentralized - nodes owned by a view 2) IOTA bug -> MIT flaws in tech
UnknownUnicorn1540828
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And all this while btc crash hard ?
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@simonmercier, Not saying it happens at that time frame. Actually I think it takes a lot longer than in the graphs time frame. I should have used larger time frame.
UnknownUnicorn1540828
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So +40% in 24 hours with no or little retracement ? And Going bull again ? I got 0.40 as retracement before going up again in impulsive waves