meriliness

CUP AND HANDLE IOCBTC

meriliness Premium Updated   
BITTREX:IOCBTC   I/OCoin / Bitcoin
Hello friends,

I see a strong cup and handle formation. My opinion is that this trade will develop for 1 to 4 more weeks and then a possible breakout at 0.000074 BTC . Also, I want to add the news about IOC getting accepted in Binance soon.

This is my own opinion and it is not a trade advice!
Trade active
Comment:
The handle from the cup and handle pattern was expected to bounce back from 50% or 61.8% fibonacci retracment. In our case it bounced from 50% retracement giving a rally close to the 50% of the fibonacci extension. This rally was caused by the finished integration of IOC to Trezor wallet. Now second step from the development is the integration to Binance TrustWalletApp, which will lead to even higher targets.


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