This is a re buy from my last run in December. Price has now returned to my buy zone where I see a potential short term growth in the coming weeks due to a Singapore government partnership and many new developments bridging onto IOST or developing within. Project development takes time; so I believe once this news spreads we will get a hype boost in price with a...
We have been crushing this market nonstop weather it's BitMEX or Binance profits are being made and a lot of them!!!
IOST should reach 300 sats within the next week TOPS!!! As illustrated above the current resistance "290-300" once
we break through will become a support level for us to utilize. From 300 sats expecting break out to test HEAVY RESISTANCE
The price action is moving within a pennant.
This time IOST has hit the pivot 1st support 2nd time and it can be a double bottom formation.
The MACD's histogram has given weak bullish signals on week chart.
The one year fixed range of volume profile is showing very weak interest of traders below this pivot support.
The price action may hit the sell targets soon...
Strong divergence on the RSI 4H
Possible falling wedge formation
BUY order : 0.00000140
INSURANCE order at : 0.00000115
STOP: under 0.00000110
P.S. I always use insurance orders on the lower liquidity levels as a part of my strategy.