#IOST, Will it hold the forkpitch channel? GOOD BUY or BYEBYE
Hi, this is what I thinking about the IOST chart..
I have just charted this as wish from a friend.
Im not hodl this coin myself now, this is only to show a friend what i think of Iost over the next few days.
We are now in the bottom of the forkpitch channel and I think it depends entirely on btc falls below 8900 if we fall out or not, in other words, if btc falls below 8800 I think Iost falls out of this channeltrend. What I can see for me is that it will then go down to 38:20 or mabye so far as 61:20 fiblevel from recently high (Only if we break the forkpitch). If we follow most charts from 30min to 1 day, all clear indications show that rsi is on the way down, but what I see at the 2 hours chart is that the rsi are around 26 which is clearly oversold and we are almost oversold in 4 hours, so I now think that the price will soon flatten out and I expect that we will soon start turning the trend again to hunt the median line (RED LINE IN MIDDLE OF CHANNEL) in the forkpitch. However, I expect that we continue to keep the channel, but if we drop below 555sat, I would review my position as I see that we can quickly drop down to 500-520sat a place if thats happen or even more! Tade safe, be safe!
But as we can see with MACD on 1 day, the macd are about to cross and thats its a bit scary. But that can fast turn back again when RSI turns on the 2 hours and 4 hours chart.
I have just charted this as wish from a friend.
Im not hodl this coin myself now, this is only to show a friend what i think of Iost over the next few days.
We are now in the bottom of the forkpitch channel and I think it depends entirely on btc falls below 8900 if we fall out or not, in other words, if btc falls below 8800 I think Iost falls out of this channeltrend. What I can see for me is that it will then go down to 38:20 or mabye so far as 61:20 fiblevel from recently high (Only if we break the forkpitch). If we follow most charts from 30min to 1 day, all clear indications show that rsi is on the way down, but what I see at the 2 hours chart is that the rsi are around 26 which is clearly oversold and we are almost oversold in 4 hours, so I now think that the price will soon flatten out and I expect that we will soon start turning the trend again to hunt the median line (RED LINE IN MIDDLE OF CHANNEL) in the forkpitch. However, I expect that we continue to keep the channel, but if we drop below 555sat, I would review my position as I see that we can quickly drop down to 500-520sat a place if thats happen or even more! Tade safe, be safe!
But as we can see with MACD on 1 day, the macd are about to cross and thats its a bit scary. But that can fast turn back again when RSI turns on the 2 hours and 4 hours chart.
Trade active:
MACD ON 1DAY NOT LOOKING GOOD, Watch the 52 levels on RSI BAR, if we drop below, we should then drop more.
For those who are in the coin I would have followed the RSI bar on 1day closely the next days.
For those who are in the coin I would have followed the RSI bar on 1day closely the next days.
Comment:
Trade active:
Iost looking good now,
RSI on 1day charts its about to flatten. Then i now expect it for hunting median in forkpitch over next few days. We are starting the run on 2 hours rsi chart now, and 4 hours in short time.
Trade active:
LOOK at the rsi on 1hour, looks like its ready to go so mabye we will get a dobbel top here, when you see on 4hours chart it still want to go down, mabye a chance to take some profits and get into it later again.
