IOC trading at perfect spot for those willing to accumulate

By gliderfund
IOCBTC is near the low of the rectangle in which is trading from September 2016.
That is a robust level which has sustained price inside the rectangle even when Poloniex decided to delist IOCBTC.

Now, we see a double bottom forming near the lows. Candles are painting in light red indicating exhaustion in 3-day bear cycle.
Momentum indicators are fully recharged and leaving oversold condition.

On the fundamental side, the IOCBTC team is about to release DIONS: html5 wallet, decentralized network, encrypted messaging...
This market is pretty stable and has not bubbled like most alts. It shows that market has a bunch of strong hands behind supporting steady growth.

All this considered, we spot a combination of factors that favor taking positions into IOCBTC market.
Minimum target is the area between the top of the rectangle and previous highs.
Double Top or BottomIOCIOCBTCiocoinRectangleSupport and Resistance
gliderfund
I develop indicators meant to be useful, profitable and good looking.

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