Iota has started an impulsive wave sequence
Currently it is being supported by 20 & 100 DMA's at 1.68 & 1.61 repectively.
Wave 1 made a swing high of 1.66
Wave 2 retraced till 61.8fib
Currenly Iota has broken above the Wave 1 high at 1.66.
Wave 3 expected as 1.618 ext of Wave 1,
T1 comes at 2-2.05
Wave 4 bullish 38.2fib retrace around 50DMA support
Wave 5 expected as 1.27 ext of Wave 1,
T2 comes at 2.25-2.30
A more bulish count may also be possible with Wave 3 taken as 2.618 ext of Wave 1
Taking that into account:
T3: 2.60-2.75
Stop below 100DMA support: 1.6
You can find the updated analysis here also:
https://www.tradingview.com/chart/IOTUSD/8zAUVU4L-Iota-update-Bullish-scenario-IOT-crypto-iotausd/
https://twitter.com/rajista007
If you found something useful here/benefited from my calls, then kindly hit the upvote/follow me here, #tradingview as well as in #twitter.
https://twitter.com/rajista007
https://www.tradingview.com/u/rajista/
If you are in a tipping mood , you can buy me a beverage :)
LTC: LRapgEkUPwV2qENjtt3NEH8d4PPvW3sFfm
XRP Address: rEb8TK3gBgk5auZkwc6sHnwrGVJH8DuaLh XRP Tag: 778576383
BTC: 1LM7tHMvLSghnBw2WTk3MSvfDyiGP5uGpd
ETH: 0x47eefeeea7e7b0d0840e841fbf3b3ab28ea86f8