Victorvddonk
Long

Possible 700% gains for iota

BITFINEX:IOTUSD   IOTA / U.S. Dollar
As you can see iota has already finished wave 1,2,3 and nearly 4. It has been in the channel and bouncing of the upper resistance for a long time now and is right on it again. We have also had a pretty strong bounce of the wave 1 resistance. Using elliot wave and assuming wave 5 will have just about the same lenght as wave 1 we can target around the 10 dollar range for its fifth wave. Watch out for BTC though because even though IOTA might break out of its channel BTC has the power to drag it right back in if it starts tanking again.
Damn that was a nice breakout
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It didn't, it successfully bounce of of the resistance wave one provided
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Wave 4 cannot overlap wave 1.
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