IOTA (IOTA/USD) in an ABC correction - more downside expected
IOTA / Dollar (calculated by TradingView) BINANCE:IOTAUSD
Market correlation is very strong, and it looks like IOTA is lagging behind other coins. If you look at Bitcoin you can see the same pattern - after a falling wedge in which the price corrected in an ABC Zigzag manner, there was a motive wave and after that wave was completed another corrective structure appeared which went to retest the starting point of the motive wave. That's why I said that IOTA is lagging behind. I am expecting this ABC correction to end at the beginning of the prior motive wave and retest those lows.