V12bull

Going long for IOST for a x2 return

Long
BINANCE:IOSTUSDT   IOST / TetherUS
The chart of IOST looks very interesting. Give it that it's not one of the hot alt coins but investors always have to widen the search scope to looks for potential coins.

There are a few bullish indicators in the chart

The daily chart is forming a cup pattern with a double bottom , reaching the resistance at 0.046. There is a supply zone in there. Keep tract on the daily candles to see if it closes above it.

The golden cross forming

The RSI , however, is at the overbuying zone. This is usually a good thing especially in crypto as it shows interest in buying. But the coin might cool off abit before taking off again.

My target prices are as shown in the chart, hopefully it can reach the price of ATH
Comment: Closed TP1 and TP 2