IOTX: Continuation
After bottoming out around $.15 with a breakout to $.44, IOTX has seen another massive 181% pump in just two days.
Now that it's correcting in this falling wedge pattern, I'm looking at two possible areas of re-entry. It tapped the .618 on the micro fib at $.265. It's also possible to drop to the lower $.20's, although less likely in my opinion. Keep an eye on the zones I have drawn above.
This is not financial advice. These are just my ideas and opinions.
Now that it's correcting in this falling wedge pattern, I'm looking at two possible areas of re-entry. It tapped the .618 on the micro fib at $.265. It's also possible to drop to the lower $.20's, although less likely in my opinion. Keep an eye on the zones I have drawn above.
This is not financial advice. These are just my ideas and opinions.
Note
IOTX tapped the .786 at around $.21
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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.