We are currently on the 4th wave of the 5th wave of IOTUSD. This means that we are correcting the long 3rd wave, and it looks to be a simple ABC correction, 38% FIB retracement and a strong bullish bar.
If the 4th wave correction is over at 0.6660 USD, then we should expect the target of the last 5th wave between 1.2 USD and 1.75 USD.