Past Performance of IOTA
IOTA prices are printing lower lows, dropping two percent in the last 24 hours. Technically, there are hints of strength following gains from June 20. However, the cool-off from last weekend, an indefinite trend, and shrinking trading volumes point to market uncertainty. At spot rates, IOTA remains under pressure in a broader bear...
There is a possibility that during the historic action of IOTA something has been cooking. Something that was kept the coin in the closet and pushed down with the hammer and formed to be the impossible father to crack. Fortunately, this father has been overthrown from his crown and is no longer a liability. What we see on the charts is that IOTA...
As of writing, $8 million short positions are still open. Combine that with all the progress IF and the community are delivering, plus the latent realization of severe limitations in blockchain based DLTs (Cardano Smart Contract most recently) there is a good chance IOTA is switching into a steep uptrend channel after 4 years of misery.
I'm now looking for the 4th wave to complete on HTF support, which will then lead us into a very violent and explosive 5th wave. Look at Oct 2017 > December 2017 as an example.
The times/dates of price forecast are only for illustration purposes.
I believe this will be the 'minimum' target to chase within this Bull Market Cycle.
I'm long. Average re-entry of 0.65c.
IOTA has had the classic full cycle pattern in USD terms and extreme capitulation in BTC terms. The IOTABTC chart is telling us much more than the one on the USD chart, and currently seems like accumulation ending with a wyckoff wick & spring, ready to blast above this triple top from the accumulation.
IOTA overall is a project I wouldn't trust and I'd put it in...
Is IOTA 140 dollar price target crazy to call ?
No , just by reading the chart it's easy what it did at the bottom; a 10 x and it will be more epic when it will be forming the U-form and do back a 10 x.
Do you think I am crazy or just realistic view ?
I would like to read your comments and to hear from you.
We've reached weekly supply. We only touched this level once in the last 2.5years. I don't expect us to get straight through, it would be much healthier if we're to burn out here, and retrace for a healthy re-accumulation - before we head into a true euphoric run.
Long term, chasing 10x from the bottom of the retrace that is hopefully to come.
I've sold a nice...