Looks like IOST is moving in that price channel,it hit the lower trendline and now it could bounce back up, noticed that 46 RSI level is acting as support in this bull run. Watch the 59.70 RSI level as it shows resistance.
The trend is looking fine.. A drop to 112 level is ahead before aiming for 170 the next run.
Average time until reaching target: 1 Month.
Max entry 10% of wallet.
Entry starts at 112 Point and then you could divide your entry multiple times until the Last support level at 95
T1 : 170 ..... T2 : 190
Lowest target Profit 65%
Entry : below 118
Target : 194 - 213
Average Profit : about 70 %
risk-reward ratio : about 3
This is not financial advice
Sincerely, Little Bob
! Not financial advice but someone sharing his trading diary! - Make your own plans and you will do fine in the long run.
This chart might indicate signs of reversal soon - Based on fibs and fibs.
Scenario 1: A breakout happens, then FOMO long :)
Scenario 2: IOST offers a nice pullback into weekly / 618 levels
Target is a global 618 Retracement / Local 1.618...
IOST BTC pair forming daily inverse head and shoulders off the Ichimoku Kumo cloud and 2 big buy signals before.
I'd expect it to complete the IHS, break out and push to the measured move of ~77%@66sats
if you zoom out you can look that IOST has a lot of room to grow against bitcoin, and is getting started
Whit the MACD and the RSI stochastic we can see that the trend reversing will be confirmed
IOST has a ton of institutional partenrships and a totally new Proof of Believability that makes the fundamentals insainly bullish
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