IOST/BTC looking to form Symmetrical Triangle which is very bullish pattern if this pattern workout this will be a trend reversal more buyers will come in and more upwards movements incomming just holding this strong support line.
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Internet of Services (IOSTBTC) randomly caught my attention today... It turns out that is trading above EMA50 and challenging EMA100 (blue line) within an ascending triangle... This is a bullish setup.
Here we are looking at the following signals:
Trading above EMA10/50.
Low volume (signals upcoming breakout).
Iam just a begginer using this trading view as a method of controlling myself, please share your feedback with me to help me educate... i will really appreciate any comments . Sorry for my English... its not my first language...
IOST ended the day with a strong +10% gain against Bitcoin.
Momentum is currently showing some signs of weakness as we are heading toward IOST's downtrend. As many altcoins, IOST has been suffering since the beginning of the year.
Despite this current rise, the pair remains near its yearly lows at 69 satoshis.
The rise has been realized absent volume which...
IOSTBTC looking good for here so I am accumulating some IOST.
Not much amount but only small amount I investing.
Technically looking good and Fundamental also good.
End of this month Dex.top Release Release.
and end of this year Dapps will launch.
Never buy once always buy partially and I wait for dip and 70-80 satoshi good price for accumulation .
I am buying for...
$IOST / $BTC
Flipping ~100sats resistance into support at the 8H chart.
RSI at overbought levels, MACD bullish
UCTS Buy signal on the 12H/1D
Taking a trade at support with mid target at ~112 Sats (10%+)
IOST still has third wave in a pocket (thanks to unkle Elliott), before proper retracement. You can catch it on current pullback at 86-88
Buy zone 85-88
Targets 98 - 103 - 108
HODLer's candy 116
Stop loss below 80
Stopless strategy - double at ~74, sell at ~81 or hold till targets
Risk/Reward Ratio 2 / 2.8 / 3.6 (for main targets)
The price action is moving within a pennant.
This time IOST has hit the pivot 1st support 2nd time and it can be a double bottom formation.
The MACD's histogram has given weak bullish signals on week chart.
The one year fixed range of volume profile is showing very weak interest of traders below this pivot support.
The price action may hit the sell targets soon...
Strong divergence on the RSI 4H
Possible falling wedge formation
BUY order : 0.00000140
INSURANCE order at : 0.00000115
STOP: under 0.00000110
P.S. I always use insurance orders on the lower liquidity levels as a part of my strategy.