The 3wave move in IOTA from a price high of $5.80 made on Dec. 19, 2017 to a price low of $1.20 (Feb. 6 2018) can be described as a WXY Elliott wave structure. IOTA will possibly move back up as a 3w move or an impulse move. Either scenario calls for a bull move in IOTA. I have indicated on the chart my price target area which is $1.85.
POI = Point at which this trade scenario is no longer valid = $1.20
The minimum target area for IOTA is between $4.02 and $4.23
Assuming the scenario above is IDEAL and prices deep quickly to the $1.85 area,
Risk on the trade = $1.85 - $1.20 = $0.65 cents
Potential Profit = $4.02 - $1.85 = $2.17
Risk/reward ratio = ~3.4
POI = Point at which this trade scenario is no longer valid = $1.20
The minimum target area for IOTA is between $4.02 and $4.23
Assuming the scenario above is IDEAL and prices deep quickly to the $1.85 area,
Risk on the trade = $1.85 - $1.20 = $0.65 cents
Potential Profit = $4.02 - $1.85 = $2.17
Risk/reward ratio = ~3.4
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.