Everybody is going to fall in love with Iota in 2018..! Some analysts expect it, reaching $10 in a period by the end of March. Looking at the chart, sticking to technical analysis
, we have no different view. All we anticipate, is the next impulse after the one it ended at 5.6000 since a big correction began. The 50% fib retracement of previous impulse at around 3.2000, in addition to previous structure seems to stand as a brickwall to price and most likely this level will be the starting point of the upcoming impulse to the upside. In case we get it, $10 is a realistic profit target..!
Watch for a buy setup completion at current level with stoploss below 2.200 and profit targets at 5.500, 7.200 and a final one being 10.000..!
All the best,