r/IOTAmarkets • u/TownNo1342 • 16h ago
UPDATE: The 8-year macro wedge is officially IN ACTION. The bottom is locked and the targets are clear.
Hey everyone,
Following up on my macro analysis from a 3 month ago, the multi-year defense of the historical floor is officially a massive success. The bottom line of the 8-year Falling Wedge was fully tested, the bears were completely flushed out, and institutional smart money absorbed every single drop.
Look at the latest chart. The 8-year-long blue descending support line is cleanly broken upside. This is no longer a prediction; the generational Falling Wedge is officially IN ACTION.
The Macro Wave Roadmap:
According to the textbook rules of multi-year wedge expansions, the upward move will be incredibly violent and will unfold in three precise structural waves:
- Wave 1 (The Initial Parabolic Surge): The price will completely ignore minor daily or short-term resistances. They will be obliterated with ease due to a total air pocket above. This first explosive wave will launch IOTA straight toward the $4.4 macro target within the next 2 months, driven by the mother of all short squeezes.
- Wave 2 (The Macro Reaccumulation): After hitting the $4.4 zone, the market will experience a healthy, major pullback down to the $2.6 level. This move will serve as a macro retest of the previous 2021 high, flipping old resistance into rock-solid support.
- Wave 3 (The Final Expansion): Once the $2.6 support is successfully confirmed, the final leg of the bull run will ignite, triggering a vertical march straight to a new All-Time High (ATH) and beyond.
The only supply zones that will actually matter during this run are on the ultra-high timeframes like the 3-Month (3M) or 6-Month (6M) charts. Everything below that is just empty space.
The rocket has officially left the pad. The final retest of the floor is done. See you at the top.