Woutern

IOC 300% potential

BITTREX:IOCBTC   I/OCoin / Bitcoin
I am bullish on IOC as are others on tradingview. However, I always like to do my own analysis. In this case I have set 3 targets for IOC which has some great news coming up. Even during the dip (in which we are floating as far as I am concerned) this one held strong. You can see the uptrend continuing and I have set the targets based on 3 fib levels. I will just let this one ride out and continue to follow it.

Period: mid/long (+/- 3 months)
Buy: 4800 - 5300

Sell targets:
71049 (145%)
103683 (210%)
137754 (278%)

I will probably leave about 20-25 % of my bag in place for further uptrend and may rebuy if it dips again because the uptrend is strong on this one .

Happy trading!
Comment: Nice, we broke reistance on 4hr chart.

Comment: As you can see clearly: it tried 2 times already.. and in Holland we have a saying: 3 times is right. So here we go:

Comment: If we break the next resistance level (green line) I suspect we could move up to the previous ATH (100000) pretty quickly. That means that first target is in sight. I DO expect a small retracement before that. Advice is to HOLD on to your IOC :)

Comment: Something fishy is going on in the market. We have seen the market cap drop down with a massive amount in the past 24 hours again. However, IOC remains to stay intact in the midst of all this rumble. Again I say: HODL on this one folks, I believe we can shoot to the moon if we are just patient.

RSI is looking a bit pushy. But for now I still feel quite confident on our IOC trade.

Comment: Still holding within the uptrend. Nothing to see here folks, just HODL :)

Comments

How long do you reckon until we break resistance? Nice analysis!
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Simple, sweet analysis and strategy. Good work.
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thanks bro
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Woutern hodinhcan
@hodinhcan, ur welcome :)
Reply
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