IOTA is Carving Out a Triangle
SUMMARY
IOTA is a coin I had recommended at sub $1 and at that time a few months ago, many had doubted the call because of the supposedly high inflation rate with new coins. Well, IOTA went as high as $5.30 and is now doing a healthy correction. Note the MACD and once it dips a bit lower, perhaps in a divergence from price, it would become oversold, indicating that there are no more sellers so that the bulls can take back control. The chart below shows an a,b,c,d,e type as being the primary. If this is correct, then the Elliott Waves should take IOTA to $12.22 or higher!
Here is the alternate with an expanded flat a,b,c correction type. However, given the "Hurry Up & Wait" syndrome of Altcoins, this correction type is too quick and doesn't allow the longer elongated corrections. Still, it could morph into something other pattern which could be shared at later post.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
BCH
Will EOS follow EMC2?
I didn’t give one iota about several coins until Haejin analyzed them
Sry for being a Noob, but who's Haejin and where can I read what he say's about IOTA?? Thanks! :)
Hmm.. You're reading about it. This post was actually posted by @haejin, and this post specifically talks about IOTA.
Exactly, I agree totally with you 🤝
Hey all!
I have put together some picks. They are low market cap coins that I believe have great potential for profit. Obviously there is risk and do your own diligence before buying. I am not a financial planner or advisor.
In no particular order:
(Follow me on my new Steemit for daily picks, and have an excellent day!)
Laddering in !!
Iota, a cryptocurrency for the internet of things. I've been a long time hodler of this one since you recommended it. I wish I didn't have to leave all of it on Binance as I'm not a trader. I believe in Iota as a long term hold but they don't offer a simple wallet for the average guy. If anyone knows of an offline / cold storage wallet for Iota, please let me know.
Cool thanks for the info. If I ever do a serious “smart home” I want the info on a cyber-secure blockchain
Follow @haejin and you’d never be lost, follow @creating-wealth for business and life changing tips too
In fact, I think their new wallet update is pretty good.
But if you still don't like it, there will be a new wallet in January (no later than 31st). The so called Trinity Wallet is expected to be trend setting in terms of usability.
Epic
really nice call. Thank you for MACD :)
Yes, sir @haejin! I remember when you were calling IOTA around the .50c range and XVG in sub penny range. Thanks very much for those calls! And Now, I started buying DCN coins and hoping for a repeat of XVG. As always, Upvoted and Resteemed!!
GREAT POST MY DEAR REALLY