Iota Price Prediction – Now a 50% upmove after the descent?

 We expected a short-term correction followed by a move above $1. However, the Iota course has risen a little further. We were briefly over $1, but then there was a sell-off. Through this sale we were able to achieve the correction goal that we mentioned in our last article. But what could be next?

Due to the further unexpected increase in the Iota price, the correction target has shifted somewhat. The GoldenPocket is now around $0.82, so we expect a trend reversal from this point. The price has reached this GoldenPocket in the last few days, which is why we expect prices to rise from now on. The prerequisite for this is that the GoldenPocket holds.

Because the Iota price has corrected to the GoldenPocket, the price has formed a possible ABC sequence. This sequence has the first target at around $1.20, so we expect the iota price to rally to $1.2 in the next few weeks. The prerequisite for this is still holding the GoldenPocket. Once the price reaches the $1.2 target, we expect a correction to $1. Subsequently, the price could rally to $1.38 – $1.52 to complete the ABC sequence.

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