We welcome today IOTA in the hall of fame of Serie A coins. With his unique technology, Iota is very good looking crypto for longer term investor. Of course, we can agree that the technology is actually immature.
Firstly, TA. Iota shows 0 indication of a real consolidation near his current lvl . Past summer, Iota have seen is price skyrocket in a wonderful 5 wave up.. and a retracement to near wave 2 lvl :
This is where fractals come in play. Pattern seems to repeat itself. Like if the Iota traders are most likely to behave the same as the past.
Heres my primary count short term count, looking and synchronise well with other alt coins charts as long as BTC projection. So heres the micro TA :
As painful this graph might be for us. Logic and proactivity must put emotions aside and let us expect this scenario which prevent us to not be in reaction mode. As for now, i dont see any informations that might indicate a short term bounce that could invalidate my count.
(just a observation : Iota doesnt seems to have extended 5th wave. Each cahrt are like differents species, Iota seems to have this caracteristic of small 5th wave)
Secondly, Iota offer a unique technology that you cant find anywhere else
What is Iota ?
IOTA is an open-source distributed ledger (cryptocurrency) focused on providing secure communications and payments between machines on the Internet of Things. Using directed acyclic graph (DAG) technology instead of the traditional blockchain, IOTA's transactions are free regardless of the size of the transaction, confirmation times are fast, the number of transactions the system can handle simultaneously is unlimited, and the system can easily scale.
Iota foundation :
A well founded and gouvernment approved non-profit organization which provide liquidity to hire experienced people. Their team steadily growing.
they so many partnership that i will not write them all. Available everywhere on the web !
Sorry for the little information but im busy right now. You know me, always packing my post with informations.
I repeat, this is not a sell signal. i never recommend buying or selling, you do your call. but i strongly recommend setting stop loss.. to stop the loss in the eventuality of the count going where i expect it.