This was a practice in long term projection. After being confounded by the count and short term behaviour of IOTA, I took a step back and looked at the whole daily chart.
The main Cycle travelled a very far distance over 2 months in late 2017, and was denoted "Cycle 1".
This means after 4 months of correction, Cycle 2 has begun, with Wave 1 (of Wave 1) having been complete, and it appears as though we are mid Wave 3 (of Wave 1 of Cycle 3).
The recent behaviour in up and down value of IOTA may be less to do with a corrective cycle, and more an influence of the chaotic value of Ethereum.
So these targets were developed using Fib ratios from Cycle 1, Intermediate Wave 1 (of Primary 1 of Cycle 3), and then Fib ratios from the targets achieved.
The landing spot of Cycle 3 was determined using the 1.618 ratio of Cycle 1. The pathway there from where I could find confluence zones between the Cycle 1 Fib ratios combined with Wave 3-1 (Cycle 3).
This is all pretty theoretical, but if the trend and ratios hold up - it may take 7 months to play out, but IOTA should increase in value by 500%, with plenty of buy/sell opportunities in between.
Cycle 3-1-3 Target = 0.0042
Cycle 3-1-5 Target = 0.0053
It is possible that this could land closer to 0.0042, although feel it unlikely due wave 3-1-3 has already touched 0.0035 in its path upwards (the 1-1 ratio of 3-1-1).
More likely 0.0053 as this matches the 0.236 ratio from Cycle 1, as well as the 2.618 ratio from 3-1-1. And wave 3-1-3 will likely land around the 1.618 ratio of 3-1-1.)
Cycle 3-3-5 Target = 0.00117
Cycle 3-5-5 Target = 0.00173
The main Cycle travelled a very far distance over 2 months in late 2017, and was denoted "Cycle 1".
This means after 4 months of correction, Cycle 2 has begun, with Wave 1 (of Wave 1) having been complete, and it appears as though we are mid Wave 3 (of Wave 1 of Cycle 3).
The recent behaviour in up and down value of IOTA may be less to do with a corrective cycle, and more an influence of the chaotic value of Ethereum.
So these targets were developed using Fib ratios from Cycle 1, Intermediate Wave 1 (of Primary 1 of Cycle 3), and then Fib ratios from the targets achieved.
The landing spot of Cycle 3 was determined using the 1.618 ratio of Cycle 1. The pathway there from where I could find confluence zones between the Cycle 1 Fib ratios combined with Wave 3-1 (Cycle 3).
This is all pretty theoretical, but if the trend and ratios hold up - it may take 7 months to play out, but IOTA should increase in value by 500%, with plenty of buy/sell opportunities in between.
Cycle 3-1-3 Target = 0.0042
Cycle 3-1-5 Target = 0.0053
It is possible that this could land closer to 0.0042, although feel it unlikely due wave 3-1-3 has already touched 0.0035 in its path upwards (the 1-1 ratio of 3-1-1).
More likely 0.0053 as this matches the 0.236 ratio from Cycle 1, as well as the 2.618 ratio from 3-1-1. And wave 3-1-3 will likely land around the 1.618 ratio of 3-1-1.)
Cycle 3-3-5 Target = 0.00117
Cycle 3-5-5 Target = 0.00173
