BITTREX:IOCUSD   I/OCoin / US Dollar (calculated by TradingView)
IO Coin continues to trade upwards producing higher highs and higher lows. Since July 2017 it managed to grow from $0.62 up to the recent high at $7.4, resulting in over 100% growth. While it has been rising, corrective waves took place and the last two corrections were stopped right at the Gann Fan trendlines , both of which were rejected. In the most recent case, Gann Fan trendline was rejected together with the 200 Moving Average.

IOS/USD currently trading just above the support zone , that is between 227.2% and 261.8% Fibonacci retracement levels, which is $4.2-4.5 area. Yesterday this area was rejected which could signal on the continuation of the uptrend. The first strong resistance and potential upside target is seen at $10.5, which is confirmed by two Fibonacci retracement levels. Break above the target should push IO Coin much further, although the reaction of the market at this price is yet to be seen.

Overal the trend is bullish and it is likely will continue that way. Only break and close below the $1.7 support could invalidate bullish outlook.

Comments

love you bro Good continuation
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@Joker7, love ya all here guys, lets prosper!
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