Ion over the last few weeks/months has printed a large falling wedge structure and now sits on a strong support and could possibly follow the other Bittrex Altcoins which are starting to rally.
Crypto Eye Trade Analysis:
- Falling Wedge
- Showing Strength At Support
- Bullish RSI & CCI Divergences
Our Entry Zone:
0.00005700 - 0.00005700
ION already break falling wedge pattern, this is a good sign for bullish,
We can set target 1 at 21686 with maximum target at 39763
Note : Ifthis coin drop again, it will return to support line at 9000
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...
It looks like ION could reach its ATH (Summer 2017) again. Many Supporters are in this Cryptocoin. It showed the last couple days, that a a upmovement to 0.007 is easy to reach. The ION Team is working quite and steadily which is a sign that ION will reach its ATH again..
This Bullflags (pumps) shows also that money is going in ION and many investors are willng to hodl.
The trend for the last 2 weekends is clear as glass. Massive pump due to South Korean gaming.
Get in soon, or wait until Thursday to hope for lower entry.
I would recommend setting targets in two sets. One following the previous 2 highs trend line, and one approx doubling your entry.
Good luck and happy trading!