quantguy
Long

IOTA Lagging, Could be Entry Opportunity

BITFINEX:IOTUSD   Iota / Dollar
IOTA still appears to be in the doldrums, though it is gradually drifting upwards in a purely technical move. It will likely face resistance at $4.38, a Fibonacci Extension level, but has support from below at $3.88, the central moving average of the KRI. This seems to be very unimpressive for Wave 3 of the impulse segment of the Elliott Wave , as this is supposed to be the longest and strongest. Other than the stated levels from above, there is a relative vacuum zone before the upper bound of the Kovach Reversals Indicator at $4.90, so there is still hope.

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Thx!
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quantguy LisboaGrande
@LisboaGrande, Any time! Good luck and good trading!
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wise to sell some XRP and buy IOTA or not?
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quantguy ostadpepe
@ostadpepe, XRP is definitely ripe for profit taking
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@quantguy, sorry i didnt get it,it is ripe now means its done profiting in short term and we should get out of it?
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quantguy ostadpepe
@ostadpepe, I can't give financial advice, but XRP has skyrocketed so much that a correction is imminent
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@quantguy, thank you mate
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quantguy ostadpepe
@ostadpepe, no problem! good luck and good trading!
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@quantguy, certeza
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