Iota will the course continue to fall after the crash?

In our last Iota price forecast , we wrote about the price loss of over 20%. There we looked at the chart and assessed whether the price could still reach $ 4. We came to the conclusion that the Iota price could probably test the GoldenPocket, which was around $ 1.67. This is how it happened. We tested the GoldenPocket almost precisely. After that, however, there was a sale. This was stronger than then. Overall, Iota suffered a 33% price loss. Today we explain to you how the course could go on.

The Iota course was able to correct to the last low, which was created in the larger crash of the crypto market. The course is corrected a little further than the low, but this is still considered a valid possible double bottom formation. Double bottom formations have a high probability of being bullish, which is why we think the Iota price will regain the support of $ 1.1678 in the future. Once the bulls regain support, we will see prices around $ 1.4477. That is where the next major resistance lies.

Since the Iota course did not perform a new fabulous lower low, the ABC sequence is still intact. As soon as the price breaks the GoldenPocket at +/- $ 1.67, the price could activate the sequence and thus also aim for the target of $ 4. There is an interim target which is located at $ 2.56, but this is only an interim target and provides an interim correction.

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