IOTA is Initiating a Breakout!

in #iota7 years ago

SUMMARY

IOTA placed five waves up as shown by circled white waves and the subsequent retracement has been lengthy, volatile and deep. The pattern is a symmetrical triangle labeled with abcde (red) and these waves seem quite complete.

The closeup shows the first round impulse as near complete with wave 5 still to be placed. Once complete, the impulse will be followed by a correction and then ideally, a second round whic will coincide with a higher degree of trend wave 3 would take place. The breakout is at its early stages and so let's see if it can remain decisive overnight.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
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Iota is not my absolute favorite one. But anyway thanks for sharing this to the steemit community.
Greetings from the caribbean. mikeCee
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It's only meant for use as informative or entertainment purposes.

@Haejin You do not provide any entertainment. I brought you some.

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IOTA is on my to get list, I better hurry. Thanks for sharing.

Just be careful with the wallet - it maybe the only coin that's better to leave in the exchange until they sort it out. I've also seen people have had their IOTA stolen after using online seed generators, so yeah, just be careful.

Thanks for the info and have a great day!

Great crypto currency post
I love it your every Post
Thanks for sharing......

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Today's post has been touched by many beautiful posters,
many beautiful posts

Great way to exchange. Very useful post . Thanks @htooms

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It was bound to break out of that triangle sometime! Let's watch it.

I really hope IOTA sort out their wallet and release their Project Q soon. They claim it will send IOTA to the top along with BTC and ETH.... let's see....