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IOTA longIOTA was hit particularly hard in the market correction of 16-17th Jan as it was already in its natural ABC correction phase. I was lucky enough to pick some up at $2 knowing that it is due its next Wave 1 leg up afterwards. Here are my price targets based on Fib extensions. The only warning with this is that the correction may not be over (look to BTC market to stay bullish and make new highs). If BTC turns bearish again we will see all alts going lower also, meaning that the C leg of the IOTA correction is not yet over. BTC does look strong at present but it is bouncing around 11800 region and could make a short-term double top here for a move back down.
BITFINEX:IOTUSDLong
by oOTradingOo
IOTA starting a rampageIota has had a rough couple of days, in light of the BTC fall. In the past 6 hours, it has more than recovered, going up 6% in the midst of btc going up only 1.5%. Traders have been waiting for this, and they're all jumping on for their seat at the table. Many prominent traders have been predicting a run for IOTA for some time, and I think we're seeing it now. If we see a run to the first target, expect a mild retracement as the coin rallies for the second run, then invest where you've taken profits and prepare for the new ATH.
BITFINEX:IOTUSD
by EricDraht
2
Iota if no breakout this week will miss JanIota hasn't performed for a long while. Currently, it's in an ascending triangle. Unlike the last time if had a fake out (to 4.5), this time we're not seeing a bearish divergence. I think the most likely scenario would be a spring from $4. Having said that, because I expect ETH to start correcting soon & BTC may also be moving, the market may not offer enough enthusiasm without major news -> this means we'll probably have another fake out, with likely target of $4.3 ~ $5. Still, it wouldn't be the first time iota failed to break out of 4.2. In that case, we'll likely revisit sub-3.7.
BITFINEX:IOTUSD
by DrJLT
5