It was not a bear flag obviously as I stated this morning, but rather a head and shoulders... Either way this should take us back into the "Loading Zone" before moving up again. I'm keeping an eye for an entry...
IOST has hit rock bottom and I believe the 5-3 Elliott Wave has played out to 354 Satoshis. But is this just the first part of wave one? Has the pullback and correction started yet? That bottom isn't very far down, so I'm excited to see what this chart does. Who knows, this may just be the first of the waves!
Check out that pitchfork channel!
Watch out to see if these zones hold or break to determine bullish or bearish trends. I believe the 320 range will hold but we also have to watch out to see bitcoin takes a dump on us. Cheers, happy trading. This is not financial advice.
English Breakfast or Earl Grey?
Let's keep this one simple.
C&H - As you can tell, I like Cup and Handle formations. This one looks about 75% complete, and with the support from the start of IOST's spike to the bottom of the cup and beyond, it looks like this pattern is a safe bet.
Volume - We're dealing with double the volume we had in IOST's accumulation...
TA is nothing without news and real products. TA just helps you guide your investing decisions.
IOST hit Binance a couple of months back, but I just noticed it with it's recent pop. Not sure how excited or fascinated I am with the project, but I'll hodl a nice bag and see where it takes me.
Hello IOS Token had fallen more than 83% from the top and now is showing some triple bottom formation and trying to go higher.
Look for buy around 210-240sats and target 290-310 sats
