IOTA opportunity coming

Wait for dip in January and Long.
Target 10 USD.
评论: seems to work so far...
评论: quite precise so far :)
Buy area reached 2 times already:
It's falling at the moment!
Can you indicate why the enter is USD2.5 ?

Thank you.
+1 回复
PawelS carsonsw
@carsonsw, Around 70% retracement like from the previous top (down to 1.23 USD). One could start buying before (maybe at around 2.5 - psychological level) as might not go lower in the end (will be high pressure to buy).
It shouldn't go lower than the end of wave 1 (1.16 USD) then Elliot waves get broken. Beyond we need to place stop loss (1.14US)
Of course, that is only an idea based on Elliot Waves. Might also happen that Elliot wave 3 gets extended up to 10USD like @wierzbix83 stated.
@PawelS, Thanks for the explaination :)
WHy dip in Jnauary?
+1 回复
PawelS nutt88
@nutt88, RSI on weekly chart is on overbought level. Additionally there should be retracement after top of wave 3 which can go down to top of wave 1. At this scale, January seems to be most likelly place for dip (Maybe early February). Anyway this is only a possible scenario. There might be shallow correction instead. Crypto world is crazy :-)
nutt88 PawelS
@PawelS, Thank you for the explanation! :)
I think we should rather long until 10 USD and then wait for a dip in January :)
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