Everybody is going to fall in love with Iota in 2018..! Some analysts expect it, reaching $10 in a period by the end of March. Looking at the chart, sticking to technical analysis, we have no different view. All we anticipate, is the next impulse after the one it ended at 5.6000 since a big correction began. The 50% fib retracement of previous impulse at around 3.2000, in addition to previous structure seems to stand as a brickwall to price and most likely this level will be the starting point of the upcoming impulse to the upside. In case we get it, $10 is a realistic profit target..!
Watch for a buy setup completion at current level with stoploss below 2.200 and profit targets at 5.500, 7.200 and a final one being 10.000..!
All the best,
John
Watch for a buy setup completion at current level with stoploss below 2.200 and profit targets at 5.500, 7.200 and a final one being 10.000..!
All the best,
John