IOTA with ticker IOTUSD made an impulsive recovery into first leg (A)/(1) at the beginning of 2023 after we spotted a completed 5th wave at the end of 2023.
It made a deeper decline recently, but it can be also trading in final stages of wave C of a higher degree A-B-C corrective drop within wave (B)/(2). However, to confirm support in place and further rally for wave (C) or (3) at least towards 0.30 area, we need to see a rebound back above trendline and 0.20 first bullish evidence level. Bullish confirmation is above 0.24 region, while invalidation level remains at 0.15.
It made a deeper decline recently, but it can be also trading in final stages of wave C of a higher degree A-B-C corrective drop within wave (B)/(2). However, to confirm support in place and further rally for wave (C) or (3) at least towards 0.30 area, we need to see a rebound back above trendline and 0.20 first bullish evidence level. Bullish confirmation is above 0.24 region, while invalidation level remains at 0.15.
Nota
IOTA is now above trendline and 0.20 first bullish evidence level. More gains coming?
US Single STOCKS (FREE Access), FX, Crypto
👉Explore Our Services @ wavetraders.com/elliott-wave-plans/
Learn Elliott Waves
👉 wavetraders.com/academy/
Newsletter Sign up
👉 bit.ly/3FVPVzO
👉Explore Our Services @ wavetraders.com/elliott-wave-plans/
Learn Elliott Waves
👉 wavetraders.com/academy/
Newsletter Sign up
👉 bit.ly/3FVPVzO
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
US Single STOCKS (FREE Access), FX, Crypto
👉Explore Our Services @ wavetraders.com/elliott-wave-plans/
Learn Elliott Waves
👉 wavetraders.com/academy/
Newsletter Sign up
👉 bit.ly/3FVPVzO
👉Explore Our Services @ wavetraders.com/elliott-wave-plans/
Learn Elliott Waves
👉 wavetraders.com/academy/
Newsletter Sign up
👉 bit.ly/3FVPVzO
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.