#IOTA UPDATE: mini ABCDE formation is intact

I think we are currently in a mini ABCDE formation. The next target (D wave) can be $3.70 range and lastly (E) wave could retreat to $3.60-3.65.
If the price can pass over the triangle, it can go to the 4.20 level.

Transaction en cours:

We have a new formation. The one I mentioned topped around $4.2 and then retreated $3.80.

Now its new target, in my opinion, is $4.40-4.50 range.

Briefly, the price movement from $3.39 to $4.20 was an A wave. $4.20 to $3.70 was a B wave. And, this one will be a C wave. As you can imagine, I expect a further D and E waves.

Transaction en cours:

A mini-ABCDE formation is forming at the moment. I think the price will come back to $4.00-$4.04 range and bounce from this level.

Commentaire:

I think the correction is done. There is still a chance to see 2.7x but, think the 3rd impulsive wave has started. The next target could be shy of $5.0.

A little background about what happened so far:
- 1st wave: 3.60-4.40, 2nd wave: 4.40-3.80(ish)

Commentaire:

To be more precise, I expect the price hit $3.77.