Internet of people reached an all-time high on 2nd of January, hitting $12.86. The price then strongly corrected down to $4.3, losing 65% to USD. Price found the support at the 76.4% Fibonacci retracement level that was rejected cleanly.
IOP/USD then consolidated and returned back to the 8/1 Gann Fan trendline, which today was tested and it seems being rejected....
Positive signs displayed in this coin, Broken down trending resistance, Volume coming in, nice rounded bottom formation.
Expecting continuation to the upside.
Using the USD chart for more accuracy, Take profit at the dollar targets on the BTC pair.
Now we wait :)
IOP is looking good for a possible run within the next couple of days. It is moving along the uptrend nicely, is oversold on the RSI, and I am just waiting for a MACD crossover to buy in. I am hoping to buy in between the $3.58 and $3.65. If the MACD crossover happens before that I guess I will try my luck and buy in anyways. Before the crash a couple of days ago,...
Analysis by a noob, so take my analysis with a grain of salt. IOP is about to meet a cross path of the trendlines. Will it continue to follow the falling trendline or will it make a turn and the price will start going up? Stoch is in the 40 range and has been falling, making me think we may follow uptrend line. Watch for a crossover of the MACD as a buy signal.
Hi fellows, IOPUSD is in strong trend. Watch for flag and buy the breakout. In case price do not forms flag and test the lower trend line thats gonna be a nice place to hold for longer term buy position.