ANALYSIS 🔎
- IOSTUSDT bounced off the ascending channel support and brokeout above the descending trendline resistance (1).
- Price is heading to the ascending channel resistance.
- Price is undergoing a minor retracement to the key fibonacci retracement levels.
- We could see an uptrend continuation from those key levels.
- The minor retracement is resisted by...
IOSTUSDT is printing the inverse head and shoulders trend reversal pattern on the weekly timeframe.
This is a double trade setup.
First trade setup
The inverse right shoulder is building up in an ascending triangle pattern.
Possible breakout above the triangle resistance to the inverse head and shoulders neckline resistance ⬆️.
Buy entry ⬆️ - breakout above...
IOSTUSDT is printing the inverse head and shoulders trend reversal pattern on the weekly timeframe.
Buy entry ⬆️ - breakout above the inverse head and shoulders neckline resistance.
Target 🎯 - Resistance level.
Setup invalidation ❌ - breakdown below the inverse shoulder support.
IOST has found support at 184 level and this has been tested multiple times. It looks to move up toward the monthly level at which it will test and most likely reject. After a brief correction it should attempt a move again, this time looking to garner support that wasn't found on first touch.
Technical analysis:
. IOStoken/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 51.
. While the RSI downtrend is not broken, bearish wave in price would continue.
. The price downtrend in the daily chart is broken, so the probability of the...
Technical analysis:
. IOStoken/Bitcoin is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of...
Technical analysis:
. IOStoken/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 39.
Trading suggestion:
. Price is in the support zone (0.00000302 to 0.00000278), traders can set orders based on Daily-Trading-Opportunities and expect to reach...
Technical analysis:
. IOStoken/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 31.
. While the price downtrend in the Daily chart and the RSI (#1) is not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of...
Technical analysis:
. IOSTOKEN/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
. The RSI downtrend #1 & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased.
Trading suggestion:
. The...
Technical analysis:
. IOSTOKEN/BITCOIN is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
. While the RSI downtrend #1 and the price downtrend in daily chart is not broken, bearish wave in price would continue.
Trading suggestion:
. The price is in a range...
IOST is one of my more promising Gen 3 Crypto picks, with an impressive team and recent good news including token lock up (medium.com), this should be a big gainer this year and beyond.
Cup And Handle, Fibonnaci - After finding a (double) bottom in the 190sat range, IOST has had a good...
Approaching final set of known lower restraints after the huge drop by IOST post listing.
Initial move up, but has since been tumbling through 5 waves followed by ABC consolidations sideways, before the trend continues.
Trend lines converging on around 626 sats, which could indicate a good buy zone with a chance of consolidation breaking the trend down. However,...
