IOTA-BTC is back to it's "value area" as indicated by light blue. It is what I refer to as "bullish cloud".
There is a bull div on the VZO indicator as well, which tells us that bullish move is around the corner.
First target is very obvious, a 70-80% price boost. I believe this will happen before Christmas.
As for the second offered target, which is anywhere between +150% and 200% from here - I have doubts. I doubt that IOTA can draw sufficient amount of retail traders which are needed to execute a pump of this scale in the current market conditions which are full of doubt and fear. But then again IOTA whales likely need an exit pump so this is what may just happen.
There is a bull div on the VZO indicator as well, which tells us that bullish move is around the corner.
First target is very obvious, a 70-80% price boost. I believe this will happen before Christmas.
As for the second offered target, which is anywhere between +150% and 200% from here - I have doubts. I doubt that IOTA can draw sufficient amount of retail traders which are needed to execute a pump of this scale in the current market conditions which are full of doubt and fear. But then again IOTA whales likely need an exit pump so this is what may just happen.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.