IOTA price analysis and forecast (Friday, August 10): Bull is gaining strength, a bullish explosion is on the way

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IOTA price is likely to slide down to around $0.467 before jumping into the new Elliott Impulsive Wave and bounce back to around $0.9371

According to chart H4, the IOTA price has escaped the Descending Triangle pattern and witnessed a bearish breakout. The cryptocurrency price has already reached the target price and started to move in a narrow range between $0.5979 and $0.6689, indicating the weakening bearish momentum. We expect that the IOTA price is likely to slide down to the lower trend line (around $0.4670) of the Broadening Wedges pattern in order to accomplish the current Elliott Declining Wave. After that, it is probable for the cryptocurrency price to jump in the new Elliott Impulsive Wave and bounce back to the lower line (around $0.9371) of the above mentioned Descending Triangle pattern

IOTA price, IOTA price analysis, IOTA price forecast, USD, cryptocurrency, top 10 cryptocurrencies, major cryptocurrenciesIOTUSD H4 10082018

Written by nami.today

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