Hello everybody
According to the chart you can see the the price is in correction-downward trend and we have 2 scenario that can be happen, one of them is we are made AB of elliott correction and now we are ready to making C of the correction ABC or another theory is we finish the ABC correction and we made wave 1 and we are in coorection 2 of the first wave ,...
IOTA broke up this triangle 📐 and I think there is chance for run to 2.38 and even higher. Just bought at 1.63.
ENTRY : below local high @ 1.663
SL : local low @ 1.47
TARGET : height of the triangle projected from midpoint of the local range (LOCAL HIGH - SL) @ 2.38
RRR : 4.6
INVALIDATION : when SL level hit
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