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IOSTUSDT

IOSTUSDT | S/R Flip | Volume Climax | .618 Fibonacci Todays analysis - IOSTUSDT – retracing after a strong breakthrough structural resistance. Points to consider: - S/R flip Re-test - Support confluence - 55 EMA – visual guide - Volume climax - Oscillators overextended IOST is likely to retrace back to structural resistance after a bullish pattern break, S/R flip needs to hold for a valid long trade. Structural support in confluence with .618 Fibonacci retracement further solidifies the true trade location. IOST trading above the 55 Exponential Moving Average, acting as a visual guide, price must hold on retest to support the bullish bias. Volume climax evident, indication of buyer exhaustion, temporary top may be in as price finds its equilibrium before another probable impulse move. Both, the RSI and Stochastics trading in overextended conditions, a retrace in price will allow oscillators to cool off, creating space for further bullish momentum. Overall, in my opinion, a long trade is validated on a successful S/R flip re-test. What are your thoughts? Let me know in the comments below! Be sure to leave a like and follow me for daily chart updates. As always - focus on you, and the money will too!
Long
by Kudiiee
IOSTUSDT | Ascending Triangle | Apex | Structural Resistance Todays analysis - IOSTUSDT – retracing to local resistance, trading in a bullish ascending triangle. Points to consider: - Support and resistance converging (apex) - Bullish ascending triangle - Bullish price action - 55 EMA – Visual guide - Low volume - RSI projecting higher lows IOST consolidating within an ascending triangle nearing its apex where a break in either direction is expected. Recent price action consisting of higher lows and strong bull moves proceeding weak sell-offs is indicative of a bullish bias in the market. Trading above the 55 Exponential Moving Average, acting as visual support, price must hold to support the bullish bias. Volume is clearly declining, indication of an influx being imminent, corresponding with the breakout. RSI trading is trading above 50, projecting higher lows showing strength in the current market. Overall, in my opinion, a long trade is validated at the test of local resistance (aggressive entry) and the position may be added to as we verify a successful S/R flip above structural resistance (conservative entry). What are your thoughts? Let me know in the comments below! Be sure to leave a like and follow me for daily chart updates. As always, focus on you - and the money will too!
Long
by Kudiiee
2
IOST USDT - Can history repeat itself?IOST started its journey at All time High in Jan 2018 @ 0.139 USDT for each IOST Token while reaching a low of 0.003589 USDT per IOST Token in December 2018, a downfall of 97.42% in just 12 months. After hitting the low in December 2018, it started the journey of crawling back up reaching a high of 0.0185 USDT in April 2019. During this time, it crossed the resistance trend line on the daily / weekly charts and subsequently generated returns of over 190% on the weekly charts while around 160% on the daily charts. Daily Chart showing the trend during Jan 2018 - April 2019: Weekly Chart showing the price action: During December 2018, IOST hit the then all time low while approaching the resistance trend line on daily / weekly charts. Come to March 2020, IOST hit the now all time low while approaching the resistance trend line on daily / weekly charts. The said patterns are shown by the highlighted boxes. Can IOST break the resistance trendline again and showcase similar price action? We will monitor and wait for break out of trend line if any and take action accordingly.
by MavericcCap
1
IOSTUSDT Buy the RetestIOSTUSDT Buy/Long Waiting Restest for Entry On smaller timeframe H1 IOSTUSDT brokeout a triangle pattern with less volume, it may indicate a fakeout. Let the price make a retest to to breakout zone and a retest is must likely because the volume is not big enough and let the RSI come to a neutral zone then buy if it reverses from the breakout zone. Entry Price : 0.003155 - 0.003180 Stop Loss : The previous low or 4% Profit Target : T1 & T2 (15% < 25%) Risk / Reward Ratio : 1:6 👍
Long
by tapasdhanadana
1
iost/usdtHi guys thanks for checking out my idea as you can see possiable long on iost/usdt. I typically just let the paint talk for me, as you can see we may have started a accumulation zone. I also think the levels above have been testesed so if... we can pop threw the tested level we should go to the next. If we dont make it then safe to say the move is over. Adjust your stops accordingly and happy trading plz like and follow it really helps me to bring more ideas,thanks again.
Long
by jasonparent