MACD has had a positive cross, beckoning an upward move.
RSI is in the neutral zone. Considering the MAs' lineup, we could expect an upward movement and lower timeframes confirm that.
The target is 17 which translates into 2.618 FIB extension zone.
IOST is a great project to hodl long term. For IOST, this is just the beginning.
As you know, the cryptocurrency market is very volatile, involuntary wrong analysis leads to a loss of capital. My drawing should only be accepted as a technical analysis idea, it is definitely not investment advice.
Hi every one
IOST / TETHERUS
IOST/USDT is now in an ascending triangle which has not broken yet the upward break out is more likely to happen because there are Hidden Bullish Divergences(+HD) on both MACD and RSI indicator which makes the bullish movement more reliable! after the break out the price can increase as much as the measured price movement...
Even though we can see there was a big movement several days ago in IOSTUSDT, it doesn't mean IOST/USDT has broken out from the huge and long bearish highest price trendline. So to make sure that IOSTUSDT has entered bullish market, IOSTUSDT must be pushed higher than the trendline (Break out). After IOSTUSDT break out from the bearish trendline, it can be...
stop loss at the base of the figure.
entry now and you can add a position after the breakout. (If you are experienced).
The take profit was shown on the chart.
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