MarketIntel

IOTA: Guess whoโ€™s back ๐ŸŽค

ืœื•ื ื’
BINANCE:IOTAUSD   IOTA
โ€žGuess whoโ€™s back,
Back again,
IOTAโ€™s back,
Tell a friend.โ€

After its short trip above the support at $0.9810, IOTA is back in the green zone between $0.8968 and $0.7442, imitating Eminem in his song โ€œWithout Meโ€ by proclaiming:

โ€œNow this looks like a job for me,
So everybody, just follow me,
โ€˜Cause we need a little controversy,
โ€˜Cause the green zone feels so empty without me.โ€

We expect IOTA to continue its way though the green zone until its lower end at $0.7442. Just below this edge, IOTA should complete wave c in orange as well as the subordinate wave (ii) in blue and shoot up afterwards. However, there remains a 45% chance that IOTA will not manage to turn around shortly below the green zone. In this case, it should fall deeper still below $0.5736.
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