Following the great news yesterday, IOTA had a strong rally past its all time high. Today it has undergone a healthy ABCDE triangle correction with 3-3-3-3-3 subwaves.
As the chart indicates, this correction VERY close to completion. There is only one more leg of the triangle correction to go and once it should breach the upper resistance line, momentum should bring us to $7.00 dollars at a minimum!
You could either buy the lower range of the correction at $4.70-4.85, or wait and buy the breakout at $5.50.
This call is NULLIFIED should the price fall below $4.40.
If you already own IOTA at a loss, just HODL on a little longer!
Disclaimer! This is not financial advice nor advice to buy/sell, and only opinion meant for informative purposes.!!