This is what I'm using to trade right now (Post on Twitter @CryptoYoo):
1. I believe we just completed wave 1.
2. Price will drop to 900 sat mark.
3. Fib of previous waves and this wave lines up perfectly.
4. High volume.
5. This is a risky trade. My target 1800.
IOST jsut gotr released to Binance and made a perfect elliot wave after making some correction waves it seems to have filled in a nice falling wedge. Its sticking to the higher resistance so watch out for a high volume break upwards from levels shown above to confirm possible higher highs.
IOST is forming symmetrical triangle and possible breakout could be hours away. Price around 800sth was steady for a last few days, trading volume is one of the highest and this coin could really take off now
I've been watching charts for a few couple of months and this is the first pattern I made + published.
The last one I did from my head and applied on Binance I made a profit of 19% but this doesn't mean I'm right with this pattern.
Anyway, I decided to share and see if I can help someone new and is looking for a short-term pattern on IOST.
I'm not a specialist, I...
IOST is now going to fill this wedge where there will be some nice scalping opportunities such as this morning. In at 815, target 900-950. BTC also at the bottom of the Pennant bouncing currently.
As expected it dipped after being added to Binance. Wave theory would suggest the correction is over, giving us a GREAT opportunity to make a quick trade!
Strategy:
- Set stoploss & profits at the targets.
If you made money with my calls, and want to sleep well at night, simply donate :):
BTC: 1EQuazVs5MHpcBrceUvKWwtmFBVpNn6hxw
ETH:...
Quick 2 trades in uptrend channel.
First
Buy 0.00000900-950
SL 0.00000817
First Sell
Take Profit: 0.00001232
Second
Buy 0.00001090
SL 0.00001045
Second Sell
Take Profit: 0.00001341
My simple chart already explains everything.
Iost, recently listed, already enjoys a good volume.
When the triangle you see could break, it could immediately rise (1), or go down and rebound on the lower support (2).
My advice is to buy at the market, and then increase for a daily operation.
IOST is a new penny coin on Binance. Forming into a pennant on the 5Min, look for the breakout to the upside for some nice gains. Keep in mind BTC could greatly effect this but currently I see BTC moving higher.
![IOSTBTC: IOST 2 Profitable Trades [IOSTBTC]](https://s3.tradingview.com/f/fEDtg6vq_mid.png "IOST 2 Profitable Trades [IOSTBTC]")
