IOTA Behind the Curve

IOTA has edged upwards from the $1.60's, and $1.70's to finally gain traction at $1.80 at the time of this writing. There is a notable consolidation of volatility which could lead to a breakout soon, confirming entry into Wave 3 of the impulse of the Elliott Wave. We have support from below at $1.78, then $1.60, and finally we have $1.45, a Fibonacci level. Levels from above include $1.84, the central moving average of the KRI, then $1.95 and $2 are reasonable, and we must break these before we hit $2.20, after which, there is a relative vacuum zone until $2.25.

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