It seems like NSE:IOC has completed an expanding Flat on the 240 as a part of the bigger corrective structure. There is probably one major move to the downside before an upmove. The Downmove in question has just finished a running flat and is likely continuing the move down to retest the recent lows of the structure.
I see a strong cup and handle formation. My opinion is that this trade will develop for 1 to 4 more weeks and then a possible breakout at 0.000074 BTC. Also, I want to add the news about IOC getting accepted in Binance soon.
This is my own opinion and it is not a trade advice!
Chart looks bullish. Potential reversal around 17k.
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Buy around 17k
Targets red lines on chart:
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As promised for all of the I/OCoin (IOC) long term holders, here is an updated trade for this coin.
Remember that if you bought a price higher than the price we have now, you can buy more now and reduce your average buy-in price. This will increase your earnings potential as soon as this coin starts to go up.
Let's get started right away...
I/OCoin (IOC) Trade...
Full technical and wave analysis commissioned by the subscriber. There is in store another wave up and from there you can short. Everything is basic on charts. Currently formed a triangle on the lower charts with an output on the wave 5
IOC/BTC POTENTIAL PROFIT 360% LONG-TERM INVESTMENT
Buy 00014500 - 00001630
6. 69245 (MAIN OBJECTIVE ACHIEVED)
OCoin has a strong development team backing it. The coin is X11 with proof of work and proof of stake. The proof of stake has an annualised rate of 2%.
Wait and you will be given
Gartley Butterfly pattern moved the price down to the point where 5 Impulse Elliot waves have started. The price is approaching 4th point of this pattern forming a curve like movement. Indicators are bullish and we forecast finishing of this pattern by a nice 5th wave of growth