FX_Academy

IOTA (IOTA/USD) in an ABC correction - more downside expected

BINANCE:IOTAUSD   IOTA
Market correlation is very strong, and it looks like IOTA is lagging behind other coins. If you look at Bitcoin you can see the same pattern - after a falling wedge in which the price corrected in an ABC Zigzag manner, there was a motive wave and after that wave was completed another corrective structure appeared which went to retest the starting point of the motive wave. That's why I said that IOTA is lagging behind. I am expecting this ABC correction to end at the beginning of the prior motive wave and retest those lows.

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.