Longer term Iotex investment idea.
As ilustrated, a fibonacci time drawn from covid low to all time high predicted this bearmarket low (0.618) to perfection!
Previous bullmarket lasted 609 days. Another 609 days from this bearmarket low comes in confluence with fib time 1.618.
Funny enough we also have the 1:1 fib extension at the same pont at the top off the channel.
What i mean by this is if Iotex performs the same way next bullmarket as the last one. The prediced price would be about 3.85 dollars july 2024.
Yes i know its crazy. But welcome to crypto.
Personaly i believe this is a great time to accumulate/invest in iotex with great Risk/reward. Invalidation for this idea is loss off the paralell channel.
Dont remember to take profits along the way.
Previous bullmarket lasted 609 days. Another 609 days from this bearmarket low comes in confluence with fib time 1.618.
Funny enough we also have the 1:1 fib extension at the same pont at the top off the channel.
What i mean by this is if Iotex performs the same way next bullmarket as the last one. The prediced price would be about 3.85 dollars july 2024.
Yes i know its crazy. But welcome to crypto.
Personaly i believe this is a great time to accumulate/invest in iotex with great Risk/reward. Invalidation for this idea is loss off the paralell channel.
Dont remember to take profits along the way.
Commento:
At entry. make it or break it.