Someone asked me to make a forecast for IOST.. personally it doesn't look too good atm to me, but in Elliott theory, there could be a leg up to 0.04, but I have a feeling it will fall back to 0.015 or even below.. eventually we could have consolidation and a new trading range around 0.02 usd, but I dont have enough info to say this or so. Atm it looks rather...
To me it seems that wave 4 is finishing up (around 0.015500) and then we should be heading back up to around 0.035000, before we see ABC correction again.
The long unremarkable coin IOST remind of itself very loudly :)
On 8 January, 2021, IOST co-founder Jimmy Zhong tweeted: "On 16.01.2021, expect a 'big' announcement." This was done just in the consolidation, when it was necessary to break the white uptrend. And the process went on, and how it went), such an intriguing tweet brought investors x4 in a...
- We can cleary see a head and shoulders pattern on the weekly candles, which give us great buying opportunity
- The price is above main trendline, and above head and shoulders neckline (breaking out)
- Target is around 0,1 USDT
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IOST is heading towards and breaking down of the 0.008$ zone. This is the resistance zone that has continuously rejected IOST for 1 year now. Currently IOST has formed a Head & Shoulders pattern and this is the best chance for IOST to break through it to move to higher resistance zones at 0.013$ and 0.015$ by early 2021.
📈BUY- LONG
-Buy: 0.006-0.0063$.SL if...
IOSTUSDT is printing the inverse head and shoulders trend reversal pattern on the weekly timeframe.
This is a double trade setup.
First trade setup
The inverse right shoulder is building up in an ascending triangle pattern.
Possible breakout above the triangle resistance to the inverse head and shoulders neckline resistance ⬆️.
Buy entry ⬆️ - breakout above...
IOSTUSDT is printing the inverse head and shoulders trend reversal pattern on the weekly timeframe.
Buy entry ⬆️ - breakout above the inverse head and shoulders neckline resistance.
Target 🎯 - Resistance level.
Setup invalidation ❌ - breakdown below the inverse shoulder support.
BINANCE: IOSTBTC
-IOST came back strong and broke the trendline resistance
-The next possible scenario is to retrace and test the old resistance
-If the old resistance turned support, it will signal a strong reversal
-The potential upside target is up to 86 sat - 108 sat in the midterm
^Trading involves High Risk
^Not Financial Advice
^Please exercise Risk...
there is a few reasons for this bullish moment..
11 September 2020
Pumpkin Staking & Mining
"IOST’s Version of $SUSHI— Pumpkin, Pump Jack-o-lantern will go live on Sep 11th!"
......
30 September 2020 (or earlier)
DeFi Exploration & Apps
"Explore DeFi, complete and land at least three DeFi applications," during Q3 2020.
......
30 September 2020 (or...
1. CRAZY WICKS IN TO SUPPORT
2. BOUNCE OF SUPPORT
3. BREAKOUT OF TRENDLINE FROM TRIANGLE
4. VOLUME STILL HIGH
THERE IS STILL NO ENTRY BUT WHAT ID LIKE TO SEE IS A CLOSE ABOVE $0.006 AND THEN RETEST.
WE THEN ENTER ON THE RETEST.
CHECK OUT THE PREVIOUS FEW TRADES.
DONT BE SHY AND COMMENT YOUR SETUPS.
IF YOU MADE MONEY FROM THESE SETUPS.SHARE IN THE COMMENTS,
IOST/USDT
-broke the previous resistance zone at 6100s
-a retest of old resist> new support
-you can enter at the current level
-or buy the break of 6900s minor resistance
-stoploss is placed under 5900s
