I am playing with the thought that this was just the first Elliot Wave impulse with the correction to the 0.5 fibonacci level.
In my opinion there is a big chance for a very big Elliot Wave 3 now if all things go well. We will need further good news about IOTA but if their team keeps improving their technology and keeps making more partnerships (or more specified partnerships), IOTA will grow further.
I believe in the project of IOTA and I love the concept of Tangle. IOT transactions will play a big role in the future and IOTA might become the right backbone behind it.
In my opinion there is a big chance for a very big Elliot Wave 3 now if all things go well. We will need further good news about IOTA but if their team keeps improving their technology and keeps making more partnerships (or more specified partnerships), IOTA will grow further.
I believe in the project of IOTA and I love the concept of Tangle. IOT transactions will play a big role in the future and IOTA might become the right backbone behind it.
Nota
IOTA/USD formed a symmetrical triangle - expect breakout soon
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