Hey everyone!
I am new to TradingView & Crypto - this is my first chart here :) It took a bit to get used to the tools, but finally I figured it out.
It looks like the channel is still open, the author would not update the chart, so I made my own. The last bull run put us just above the channel, but then we fell back down into it so it could be considered "noise". It appears the trades are respecting the support/resistance lines on the continued channel. IOST is still in a channel, and the best time to buy is at the bottom of the channel.
Thus my overall position on IOST is LONG. I have purchased in at 677 satoshis, and also at 638 satoshis :) I am not able to make price predictions yet, still learning :D
If anyone agrees or disagrees with my suspicions, please post a comment and let me know why :)
I am not an experienced trader, so please take this chart "AS a grain of salt" :) Taking it "with a grain of salt" would taste naaaasttyyyy :P
This chart / channel is based off of the chart below:
I am new to TradingView & Crypto - this is my first chart here :) It took a bit to get used to the tools, but finally I figured it out.
It looks like the channel is still open, the author would not update the chart, so I made my own. The last bull run put us just above the channel, but then we fell back down into it so it could be considered "noise". It appears the trades are respecting the support/resistance lines on the continued channel. IOST is still in a channel, and the best time to buy is at the bottom of the channel.
Thus my overall position on IOST is LONG. I have purchased in at 677 satoshis, and also at 638 satoshis :) I am not able to make price predictions yet, still learning :D
If anyone agrees or disagrees with my suspicions, please post a comment and let me know why :)
I am not an experienced trader, so please take this chart "AS a grain of salt" :) Taking it "with a grain of salt" would taste naaaasttyyyy :P
This chart / channel is based off of the chart below:
Trade closed: stop reached:
I have updated the idea to show buy zone, and made chart public so others can see it :) New chart below:
Order cancelled:
Idea updated, attempting to close this one...?
Hold for few days to weeks, maybe months if channel lasts that long :) Still a newb, take it as a grain of salt :P