Next IOTUSD Bitfinex elliot Wave Potential

Previous wave has completed and appears to have finished its correction. The first wave needs to breakout through the previous resistance from way back when at around 1.10. Wave 5 has the potential to end the mid 2s.

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Might have to ride this out for another day or so prior to a break out. Heavy consolidation is currently happening within a pennant. MACD on the 4 hour is not quite there yet. Currently bullish according to the ichimoku cloud. Stay tuned.... good prices to buy within the consolidation.