Recently Ionomy found the support at $0.72, which has been rejected twice, forming a potential double bottom. During the past few days price has been rising slowly, however it has resulted in a break above the 50 Moving Average.
Considering the double bottom formation, MA breakout as well as the RSI downtrend trendline breakout, the trend could be on its way up....
Ionomy studios announced this past Friday that they have partnered with Rekell Games and will be involved in a redesign of the popular game Rumble Arena!!
Jumping from coin rank 171 to 156 in the period of a week, USD value has increased more than 40 cents with a $7,188,296 increase in market cap since my last overview of the coin!
Community wise, support for...
Ionomy has been ranging between 9k and 57k satoshis for almost a year. But on the 22nd of February ION/BTC closed above the resistance, suggesting the uptrend could be emerging.
Throughout the consolidation period, price broke above the descending channels for two times and Fibonacci applied to the corrective wave after the breakout shows that the potential...
I decided to revise my earlier chart as it was done in a hurry.
The coin: ION is a gaming based coin which seems to be gaining momentum recently thanks the new developments (incl. the Moon or Bust game). The dev team seems devoted and professional with solid backgrounds, therefore the coin will likely not be abandoned or delisted soon.
The View: The Chart is...
Following the previous idea on Ionomy , it has reached the upside target at $3 and broke above it, reaching the $5 high. Then price corrected sharply down to the previous resistance at $2, which now is acting as a support. At the same time, ION/USD is testing the uptrend trendline and the 200 Moving Average.
This is indeed a very strong support for Ionomy which...
Ionomy started to show some strength against the Bitcoin after breaking above the 200 Moving Average and descending channel. Price went up from 9k satoshi up to 30k but then corrected down.
The correctional wave was stopped at 16k satoshi, where it rejected the upper trendline of the descending channel and 4/1 trendline of the Gann Fan. Although price could...
