Loving that IOST.
This is my general feeling towards iost for the immediate future.
The price action shows strength on the bull's side. I'm pretty sure we can all see that the general trend is up, so a long term hold will surely win. However, if one wants to flip a bit of their iost for profit...
Here are some projections for our dearly beloved iost.
Our token appears to be making horizontal movement within a range, shown in blue. If it breaches the top horizontal blue line, it will be making bullish movements. The bottom, bearish. The bearish targets are shown in red and the bullish ones in green.
The bold red line is a point of interest. It represents the NT value for the bearish set of targets. If we spend enough time above this bolded red line then it makes it more and more likely that we will not be reaching any of the other bearish targets, in other words, it is bullish. This can be seen as resistance that we must break, along with the upper light blue barrier. I have a bullish bias.
We appear to have made a nice bounce off of the 2 hour conversion line, which would have been a beautiful entry. The price is trending upwards because it is above the cloud. The trend has momentum because the conversion line is above the base line, and the price is above the t-k lines, and the t-k lines are above the kumo. The kumo is largely flat but still experiencing a bullish "ebb/flow" shown by being green.
If we take a look closer, at the 1hr, we can see that all of the above bullish signals are also true, except the t-k lines and the kumo spans are trending upwards. This is bullish.
Pick your entry and gamble wisely, if you don't have one already. I personally try to make bearish targets just in case things head south. I am personally long.
This is my general feeling towards iost for the immediate future.
The price action shows strength on the bull's side. I'm pretty sure we can all see that the general trend is up, so a long term hold will surely win. However, if one wants to flip a bit of their iost for profit...
Here are some projections for our dearly beloved iost.
Our token appears to be making horizontal movement within a range, shown in blue. If it breaches the top horizontal blue line, it will be making bullish movements. The bottom, bearish. The bearish targets are shown in red and the bullish ones in green.
The bold red line is a point of interest. It represents the NT value for the bearish set of targets. If we spend enough time above this bolded red line then it makes it more and more likely that we will not be reaching any of the other bearish targets, in other words, it is bullish. This can be seen as resistance that we must break, along with the upper light blue barrier. I have a bullish bias.
We appear to have made a nice bounce off of the 2 hour conversion line, which would have been a beautiful entry. The price is trending upwards because it is above the cloud. The trend has momentum because the conversion line is above the base line, and the price is above the t-k lines, and the t-k lines are above the kumo. The kumo is largely flat but still experiencing a bullish "ebb/flow" shown by being green.
If we take a look closer, at the 1hr, we can see that all of the above bullish signals are also true, except the t-k lines and the kumo spans are trending upwards. This is bullish.
Pick your entry and gamble wisely, if you don't have one already. I personally try to make bearish targets just in case things head south. I am personally long.
Comment:
We are tickling the upper limit of our range.
Comment:
Taking a closer look, if we observe this minor wave, or fractal, we can see that it has its own set of targets and that they have indeed been confirmed. Two of the targets produced from our orange ABC inputs fall squarely on one of our original targets, 803. This is a very high probability target, one I would consider a near certainty. I am expecting IOSTBTC to make impressive moves soon.
Comment:
We drewback down to the bolded red NT line, and made a swift recovery.
Comment:
we have hit our first bullish target
Comment:
We dropped down to 2 hour cloud support. Thanks clouds.
This is my updated view.
We have been bouncing around different horizontal supports and resistances. I've layered the targets produced by 4 different waves over each other. You can see how the price bounces on and dances around these lines.
We have been bouncing around different horizontal supports and resistances. I've layered the targets produced by 4 different waves over each other. You can see how the price bounces on and dances around these lines.
Trade closed: stop reached:
Things have taken a bearish turn. We are bouncing around between some bearish targets.