Hi, this is what I thinking about the IOST chart..
I have just charted this as wish from a friend.
Im not hodl this coin myself now, this is only to show a friend what i think of Iost over the next few days.
We are now in the bottom of the forkpitch channel and I think it depends entirely on btc falls below 8900 if we fall out or not, in other words, if btc...
If you look at my previous TA ideas, you will know I am loving IOST right now....
Check them out, and then check this idea out. Ascending triangle (small) could be potential for big run, as long as it breaks the downtrend I have.
IOST WILL AND IS A COIN THAT WILL BE VERY BIG THIS SUMMER.....I suggest to get in ASAP....this coin is phenomenally progressing.
Bullish market structure with higher highs being formed. Price appears to be rejecting from a bullish 61.8% fib zone, which also matches up with the 34 EMA and a previous resistance zone that should now act as support.
Tittle says it all. I know it probably won't happen but still, low sat/USD value coin (aka noobs buying it because "muh it's cheap" ) , looks a lot like EOS and IOTA did before they took off late october/ early november 2017.
STOCH RSI is fully reset on the 4HR. RSI on 4HR is pointing upwards. Should see uptrend with bollinger bands labeled as potential targets.
THIS IS NOT FINANCIAL ADVICE!
Here's a quick analysis on IOST for the short-term.
Watching the 15m charts, a hidden bullish divergence is forming between the Price and RSI. This divergence, along with the support line in white and the .786 retracement level, should be enough to break IOST out of this descending channel.
For price targets, I'll expect any of these retracement levels, but...
Coin name : IOST-BTC.
Buy zone : 440 - 420 satoshi.
sell targets : 540 - 658 - 776 - 894 - 1012 - 1131 Satoshi .
Stop Loss : if two 4H candles closing under 420 Satoshi.
mid and long term trade.
