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descending triangle forming on the 1 hour. break out?
descending triangle on the IOST 1 hour. expecting a break out to the upside.
4 Hour broke out of the wedge that formed yesterday making a new high. currently on a pull back. 2 key resistances need to be broken and closed above going forward. First resistance at around 0.00004810 ETH. Buy zone around 0.00004500 - 0.00004600 ETH This is a long term investment. No targets.
Note: Amateur/rookie opinion. Good long-term hold. New token. Fundamentals: The fundamentals are strong for IOST. Capable and professional team. Smart contracts and DApps. Unique and scalable Proof-of-Believability mechanism. Added note: If something as rubbish as TRON and XRP tokens (with no usable function) can reach 40c and $3.30 with a 100 billion total...
Wedge forming on 4 hour / daily on IOST cryptocurrency currently ranked #79 for marketcap.
Just an idea about possibilities
It might just be end of downtrend
There's not much to work with on this chart, but I wouldn't be surprised to see something like this in the hourly chart for the next couple of days for #iost / #btc at #binance
This coin is ready to breakout just need more volume. Don't miss out this opportunity. Trade at your own risk.
RSI is low, it bounced off the support 3 times and it's riding the support right now. Buy in 760 Sell 780 Target 1 780 Target 2 800 Target 810
If the EMA 55 strategy works... IOST will raise as soon at the EMA's go Yellow (9), Red (18), White(21), Blue (55) (in that order) There will be a price spike. Somewhere between 6 - 12 AM there should be a price spike. I'm interested to see if the strategy works. Granted, this is on a 15 min candle.... which is less accurate than say a 4 hour window, I think...
Have we finally broke through the low point and start shooting back up to .00014588?