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IRISBTC

IRIS Network IRISUSDT - Bull flag, +500% gains, bull market- IRIS Net - CoinMarketCap rank: 170 - Bull flag on the weekly candles is currently breaking up - The price is above 20 weekly moving average - RSI is breaking out of the trendline and series of lower highs. - I am expecting another leg to the upside, we can choose our profit target based on 1:1 fib or red horizontal line resistance If you want more of these ideas, hit the like button and follow me, so you don't miss any update! Also, check my signature down below ↓
ILong
by UnknownUnicorn2537518
5
#IRIS Bottom Hit, Bounced+Bullish Divergence. 130% Possible!Welcome to this Quick Altcoin Setup. IRIS hit the bottom around 270 sats and bounced. I have seen some strong buying activity in the last few days showing the signs of accumulation. If the next few candle closes above 21D MA it is highly likely that we can see a rally towards 360 level first and then all the way to 400 sats. ENTRY : 285 TO 295 Targets : 365 395 446 486 544 577 679 Stop Loss : 268 Reason I am entering this trade is the SL is very low. Means there is a high reward for a very less risk. If you find it interesting enough you can dig in. Other trade setups are doing well that I recently posted and are above 10 to 15%+ already. Hoping this one to pop up soon. Do hit the like button if you like my updates and share your views in the comment section. STAY SAFE #PEACE
ILong
by Cryptorphic
3
IRIS/BTC (Retesting Daily Swing Support)💎Technical Analysis Summary💎 HUOBI: IRISBTC -IRIS broke bearish a few days ago from its local support area -It is now trading at its daily swing low support zone -This is crucial, and it must hold to protect the mid-term bullish move -If IRIS can maintain this area, there is a chance we could see a bounce up reaction -I'm not recommending to buy at the current market price -But instead, wait for any sign of bullish strength before taking a trade A big Thanks for donating 💰 via Tradingview coins this week to CITIZENCAINE 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
I
by PolarHusk
2
IRIS/BTC (Wait For Breakout Direction)💎Technical Analysis Summary💎 BINANCE: IRISBTC -IRIS is forming a potential symmetrical triangle pattern -This will either break to the upside or downside -But if we will consider the market trend -It is simply on the downward bias -So the chances it will go lower is much higher -This is only a probabilities not certainties -Please always exercise proper risk management A big Thanks for donating 💰 via Tradingview coins this week to billstenzel 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
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by PolarHusk
4
IRIS/BTC (Retest Previous Support?)IRIS/BTC -IRISnet painted its 1st Lowe High which is a sign of weakness -We can also see a Bearish trendline resistance rejecting the price -It is likely to retest the support area around 90,000 sat range -The 200MA dynamic support is approaching the price -The question now is, can we see another strong bounce reaction at support? -If not, it will breakdown and test the 200MA at 80,000 sat region -But my recommendation is to buy the breakout of trendline resistance for safer entry
I
by PolarHusk
1
IRISnet is at golden Fibonacci ratioHi friends hope you are well and welcome to the new update on IRISnet. This coin had two major events in past. Recent was the binance listing on 21st July and before that IRIS had another big event that was the China Gov integration on 23rd Jun 2020. Now if we watch on the market cap of IRIS coin then since after first announcement the market cap of IRIS is getting increased every day. As we can see on 23rd June it was 15.8 million and now it is increased by 41.8 million. So the market cap IRISnet is increased by 170% in total. The effect of price action: Now if We move to the live daily chart then it can be easily seen that after the first announcement of China Gov integration event the price action rallied by 115% and after 2nd announcement of Binance listing the price action again moved up by 163%. So in total it is increased by 278% since after 23rd June 2020. During this bullish move the price action has crossed up all the simple moving averages with the time period of 25 50 100 and 200. At this time the 100 simple moving average is likely to form a bull cross with 200 simple moving average that can be another a bullish signal that can be really helpful for the next move to the upside. The support of SMA and retracement at golden ratio: Now if we switch to this small-time period 4 hour chart to take a more closer look on the price action. Then it has dropped on the support of 25 simple moving average and retraced up to 0.618 Fibonacci retracement level. That is considered a golden ratio and from here we can expect the next upward move very soon. However, if the price and will be failed to retain this support of 25 simple moving average then it can move more down even up to 25 simple moving average on the daily chart as well. A down channel formation: Now if we switch to the more small time period 1 hour chart. Then it can be easily observed that the priceline of IRIS has started its move within a down channel and it is moving in this channel for last 2 days. Therefore, for the people who want to buy IRISnet here, I would suggest to wait for the breakout from this channel and then place their buying orders accordingly. Conclusion: Even though the IRISnet started its rally based on the strong news. And it has been retraced on the small time period chart upto 0.618 golden ratio. But on the daily chart it is retraced up to 0.382 Fibonacci retracement level. Therefore on the long-term and midterm we can expect some more downward move if it will be failed to retain the support on the small-time period chart. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
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by moon333
1