ANALYSIS 🔎
- IOSTBTC has been on a mid-term uptrend.
- The uptrend is supported by the ascending trendline support (ATS).
- Price is testing the ascending trendline support.
- Price action is printing a pennant (P) pattern.
- A pennant pattern is a trend continuation pattern.
- A bullish continuation pattern in this case.
- There's a breakout potential.
BUY...
! Not financial advice but someone sharing his trading diary! - Make your own plans and you will do fine in the long run.
This chart might indicate signs of reversal soon - Based on fibs and fibs.
Scenario 1: A breakout happens, then FOMO long :)
Scenario 2: IOST offers a nice pullback into weekly / 618 levels
Target is a global 618 Retracement / Local 1.618...
With the recent news of the IOST integration of the husd stablecoin, it experienced a couple of strong spikes in the upward direction. Stochastics indicate a mild buy, while the bollinger bands are like a hungry snake with its mouth wide open. Will we see a breakout to seven cents?
RAMP is a great new edition to the DeFi space that has tons of upside considering they're offering a unique value proposition. They allow token holders to re-liquify their staked collateral and in essence allow investors earn double the return of any other staked DeFi pool. It's an ingenious concept and is backed by some of the top names in the financial industry...
RAMP is a great new edition to the DeFi space that has tons of upside considering they're offering a unique value proposition. They allow token holders to re-liquify their staked collateral and in essence allow investors earn double the return of any other staked DeFi pool. It's an ingenious concept and is backed by some of the top names in the financial industry...
IOST BTC pair forming daily inverse head and shoulders off the Ichimoku Kumo cloud and 2 big buy signals before.
I'd expect it to complete the IHS, break out and push to the measured move of ~77%@66sats
IOST is trying to conquer the 0.05$ zone, if successful, IOST will head to the 0.06$ zone. But if it is rejected again at this 0.05$ zone, it will move down to 0.035$ zone.
📅NEWS
👉Aug 1 : Monthly Airdrop Ends
📈BUY
-Buy: 0.035-0.035$. SL B
📉SELL
-Sell: 0.049-0.051$ if B. SL A
-Sell: 0.057-0.06$. SL A
♻️BACK-UP
-Sell: 0.035-0.037$ if B. SL A
-Buy: 0.029-0.031$....
IOST currently retesting its previous highs and breaking out of its short term downtrend.
Lots of hype around this crypto so the TA and the Fundamentals are aligning on this one.
