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kenken662
Apr 18, 2018 3:45 AM

Ascending Channel Long

IOST / US DollarBinance

Description

Expect a bounce off the support later this week, then looking for a breakout past resistance.

Comment

Got the bounce; now looking for the break.

Comment

Poked above yesterday, but lacked the volume needed to break above. Trendlines still apply; still looking for a clean break through resistance. Bounce off support is possible in the short term too, before heading back up.

Comment

Got the break; now just need to sustain volume

Comment

Looks like there's a nice flag forming off yesterday's pole; expecting to consolidate in the 0.47-0.52 range a bit before continuing up

Comment

looks like previous resistance is now support

Comment

now headed up to the previous peak of 0.56, where there will likely be resistance..

Comment

^^ meant 0.056. We cleared it though, now looking to establish in the 0.06+ range

Comment

there has been resistance at 0.60 but it's gonna fall soon when we make the next pump up. these days it's just a waiting game for the lower cap alts to explode. grab some popcorn and watch :)
Comments
LemmyWalker
Market Cap ha been reduced. A correction i suppose to 0.05. Tell me what you think please
kenken662
@LemmyWalker, it's possible. depends on BTC and ETH right now.
LemmyWalker
the fall is to 0.057 and then continue up
LemmyWalker
i see it passing the 0.06 to a 0.07 by wednesday if the market cap keeps growing slightly
kenken662
@LemmyWalker, looks like it's on track to do just that. I even expect explosive growth to establish above $0.10 in the next month.. we'll see.
carltonzone
You called it right. Resistance at 0.56??? That's a pretty good leap. Do you think the trend will continue towards 0.56 before it corrects?
kenken662
@carltonzone, sorry I meant 0.056, off by factor of 1
kenken662
@kenken662, * factor of 10
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