Updated IOST prediction
Building on the previous idea:
First prediction was (almsot) spot on. Its beginning to settle around the 0.051 mark and will now probably go one of two ways...
1. Consolidation at .051( ish ) before steady increases are seen - Probably not quite as dramatically as my arrow, nut a potential long position available there, or...
2. Failure to consolidate at the current price and another drop in the C2 area, at which point it'll become overbought and push pack into the opening channel.
For option one it'd be nice to see some volume increase alongside some movement in the RSI , MACD on the hourly already looking positive for it. Option 2 may well take place if there isn't a volume increase at the current price, and without sufficient support below for a while it could drop off quite a lot, depends on how BTC forms up in the next few hours really.
*Still in reasonably early days of TA, any tips/pointers please drop a comment!
Not financial advise. DYOR.
First prediction was (almsot) spot on. Its beginning to settle around the 0.051 mark and will now probably go one of two ways...
1. Consolidation at .051( ish ) before steady increases are seen - Probably not quite as dramatically as my arrow, nut a potential long position available there, or...
2. Failure to consolidate at the current price and another drop in the C2 area, at which point it'll become overbought and push pack into the opening channel.
For option one it'd be nice to see some volume increase alongside some movement in the RSI , MACD on the hourly already looking positive for it. Option 2 may well take place if there isn't a volume increase at the current price, and without sufficient support below for a while it could drop off quite a lot, depends on how BTC forms up in the next few hours really.
*Still in reasonably early days of TA, any tips/pointers please drop a comment!
Not financial advise. DYOR.
Comment:
Bearish flag formed and broken through on the 15 minute chart - Not much to go on but is indicative of the start of another selling period.
