IOTA To Continue Larger Elliot Impulse Wave in Dec
IOTA looks like it will finish Elliot Correction Wave on support at $1.18 (support based on previous resistance levels plus ichimoku cloud) before continuing on to leg 5 of the larger Elliot Impulse Wave. Stop loss set at just below trend line.
Opportunity #1 to take some juicy 70% profit and buy some last minute gifts at the 1.618 Fib extension ($1.99 - 2.08) before ending the year at the fib 2.618 level where a final profit of approx 150% can be realized at $2.93.
Timeframe? Ho Ho Hodl for 3-4 weeks.
Opportunity #1 to take some juicy 70% profit and buy some last minute gifts at the 1.618 Fib extension ($1.99 - 2.08) before ending the year at the fib 2.618 level where a final profit of approx 150% can be realized at $2.93.
Timeframe? Ho Ho Hodl for 3-4 weeks.
Note
Entry: $1.16 - 1.22Target 1: $1.99 - 2.08 (~70% gain)
Target 2: 2.92 - 2.99 (~150% gain)
Stop: $1.09 (~ -8% loss)
Transaction en cours
Shot up WAY faster than anticipated but the TP1 and TP2 resistance levels were accurate. Next fib extension take profit level at approx. $3.78
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.