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IOST might go up to test old high because it drop to support zone. In addition, it make hidden bullish divergence in TF 1 hr.
As you know, the cryptocurrency market is very volatile, involuntary wrong analysis leads to a loss of capital. My drawing should only be accepted as a technical analysis idea, it is definitely not investment advice.
If you look at both channels, you can see that in one we have a breakout, and in the other, we still got our upward trend. LIKE AND FOLLOW AND COMMENT if you like to.
Note: Above idea is for educational purpose only.
IOST trades above 50EMA and it is a strong support of the tendency. After hitting a Fibonacci level the coin retraced to 50EMA again. Now the next Fibonacci level can be our target around 0.4 USD. TA factors: 1- Stochastic oversold again daily. 2- RSI getting ready to pump.
IOST is just skipping from a flag and the next targets are no the chart. We can expect an explosion soon. Targets 1 and 2 on the chart in red. TA factors: 1- Stochastic ready to cross again; 2- MACD confirming bullish momentum.
IOST another altcoin could give us high profit in midterm. TPs: 1-0.0384 2-0.0737 3-ATH 4-0.235
Looks like IOST will breakout soon !!!!
🔘 16/26 💲 IOST/USDT 🕔 Mid Term / 3 to 6 months 🛑 Stop loss NOT NEEDED 💵 Recommended Investment : 5% of portfolio