FX_Academy

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

Viés de baixa
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.

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.