Get started

IO

IO Weekly Technicals Review [2024/43]: Term Structure Divergence SGX TSI Iron Ore CFR China (62% Fe Fines) Index Futures (“SGX IO Futures”) closed nearly flat last week, down by just USD 0.10/ton on Friday after recovering from a mid-week decline. SGX IO Futures opened at USD 101.65/ton on 21/Oct (Mon) and closed at USD 101.55/ton on 25/Oct (Fri). Prices briefly touched a weekly high of USD 103.45/ton on 21/Oct (Mon) and a low of USD 98.10/ton on 24/Oct (Thu). It traded in a range of USD 5.35/ton during the week, which was smaller than the prior week. Prices traded below the pivot point of USD 103.35/ton for the entire week but managed to hold support above the S1 pivot point at 97.65. Volume peaked on 25/Oct (Fri) as Iron Ore prices rallied from near their low following the announcement of a parliamentary meeting to discuss the stimulus package between 4/Nov and 8/Nov. SGX Iron Ore Futures Fundamentals in Summary Iron Ore received support in the later part of the week from the announcement of a parliamentary meeting to discuss the stimulus package in China which will take place between 4/Nov and 8/Nov. The People's Bank of China also said in a statement it had activated the open market outright reverse repo operations facility to "maintain a reasonable abundance of liquidity in the banking system and further enrich the central bank's policy toolbox“ ahead of a significant loan expiry at the end of the year. IO China Portside inventories declined by 400k tons to 149.33 million tons last week. The decline was driven by slower arrivals as pickup volume declined week on week and steel mill’s restocking pace was below analyst expectations. Based on seasonality, SGX IO Futures Nov contract trades 2.6% below its last 5-year average (USD 105.58/ton). Seasonal Trend also suggests a price low is expected in the next few weeks. Short-Term Moving Averages Signal Reversal of Bullish Trend Prices began the week on a downward trend, marked by a bearish moving average (MA) crossover on 22/Oct (Tue). After the crossover, prices declined 3%, briefly dipping just above the S1 Pivot Point before recovering sharply on 25/Oct (Fri). On 28/Oct (Mon), prices are trading slightly below the 21-day moving average and the R1 Pivot Point for the week. Long-Term Averages Signal Bearish Trend Last week, the price traded below the 100-day moving average, closing just under this level. On 28/Oct (Mon), it rose sharply above the 100-day moving average but remains about 5% below the 200-day moving average. MACD Points to Fading Decline, RSI Trending Higher MACD indicates that the bearish trend is weakening, with the short-term MA beginning to curve upward toward the long-term MA. This suggests a potential consolidation around the long-term MA or a bullish crossover if momentum strengthens. Meanwhile, the RSI recently crossed above its 14-day average but remains near the midpoint at 53.84. Fibonacci 61.8% Maintained Support Last Week Volatility increased throughout the week but remains below early October levels. Last week, the price tested and held support at the 61.8% Fibonacci level from the prior uptrend. Fib levels from the recent downtrend suggest that the price may next retest the 38.2% level. The 61.8% level remains noteworthy, as it has previously acted as a key area of interest. Low-Volume Node May Drive Sharp Upward Move Despite ongoing selling pressure, buyers rebounded sharply in the latter part of the week. The price is currently at a low-volume node and could rise quickly toward the point of control, which aligns with the 50% Fibonacci level. Calendar Spread Shows Deviation from Backwardation The recent price movement has created a premium on the April 2025 contract compared to the second-month contract (Nov 2024). A return to the usual backwardation structure is expected. Additionally, speculation over the next two weeks, driven by the upcoming parliamentary meeting, will likely focus on the more liquid Nov 2024 contract, which should further support the spread. Hypothetical Trade Setup Iron Ore prices received some support from the announcement of further monetary easing and hopes of further stimulus at the parliamentary meeting next week. The rally has reversed the consistent decline in IO over the past 3 weeks but outlook remains bearish as the impact of stimulus on prices has weakened since early October. In the near-term, stimulus expectations may drive a rally clouding the outlook for a straightforward short position. We propose a hypothetical trade set up of buying SGX IO November Futures Contract at USD 102.90/ton and selling the SGX IO April 2025 Futures contract at USD 103.60/ton to capitalize on the normalization of the backwardated term structure. Presently the Nov/April ratio is at 0.99324. An increase to 1.025 presents a 3.25% increase in the spread which results in a gain of USD 321 to USD 330. A stop loss at the ratio of 0.975 protects in case of further decline with a potential loss of USD 189 to USD 194. This calculation excludes transaction costs comprising of clearing broker fees and exchange clearing fees. The SGX requires a minimum initial margin of USD 320/lot and a maintenance margin of USD 352/lot for this intra-commodity spread. DISCLAIMER This case study is for educational purposes only and does not constitute investment recommendations or advice. Nor are they used to promote any specific products, or services. Trading or investment ideas cited here are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management or trading under the market scenarios being discussed. Please read the FULL DISCLAIMER the link to which is provided in our profile description.
SGX:FEFX2024Long
by MintBulkCommods
IO.net or $IO Project description: IO.net is a decentralized infrastructure platform designed to enhance data storage and transfer across multiple blockchains, providing scalable, secure, and high-speed data exchange for decentralized applications (dApps). Type of project: Decentralized data storage and transfer protocol. Is it under a block?: Yes, IO.net operates as a decentralized protocol across multiple blockchain networks, including Ethereum and Binance Smart Chain, to enable efficient data exchange and storage solutions. Latest update or news: As of June 2024, IO.net announced the launch of its Cross-Chain Data Storage Service, allowing dApps to store, manage, and retrieve data across different blockchains securely and efficiently. Narrative: Decentralized data storage, cross-chain infrastructure, and scalable data transfer. Why is it a good investment? Institutional Backers and Angel Investors: Polychain Capital: Polychain Capital is a key backer of IO.net, recognizing its potential to solve critical data scalability and transfer issues across blockchains and decentralized applications. Framework Ventures: Framework Ventures, a well-known investment firm in the blockchain space, has also supported IO.net due to its scalable data solutions and integration with cross-chain protocols. Binance Labs: Binance Labs has invested in IO.net to enhance cross-chain data transfer capabilities on Binance Smart Chain, which will be integrated with IO.net’s infrastructure for better data storage and efficiency. Angel Investors: Balaji Srinivasan (Former CTO of Coinbase): Srinivasan, an advocate for decentralized infrastructure, has shown interest in projects like IO.net that aim to decentralize and scale data storage across blockchain networks, although no confirmed direct investment. Kyle Samani (Co-founder of Multicoin Capital): Samani has expressed support for scalable decentralized infrastructure projects like IO.net, which aim to solve complex issues in cross-chain data and storage management. Futuristic Use Case: Cross-chain data storage and transfer: IO.net allows decentralized applications to store and manage data across multiple blockchain networks, enabling seamless data exchange while reducing costs and improving efficiency. Data storage for decentralized finance (DeFi): With the expansion of DeFi, the need for secure, decentralized data storage becomes critical. IO.net’s platform can serve as a backbone for managing and securing data across various DeFi protocols. Integration with enterprise solutions: IO.net is positioned to offer scalable data storage solutions for enterprises looking to decentralize their operations and use blockchain for data security and transfer, opening up new use cases beyond dApps. Decentralized data for gaming and NFTs: As blockchain gaming and NFTs grow, IO.net provides a decentralized infrastructure for managing large datasets, such as game state data and NFT metadata, securely and efficiently. Why will it make a significant amount of profits? Unique competitive edge: IO.net focuses on cross-chain data storage and transfer, providing a more scalable and decentralized solution compared to traditional data storage providers or other blockchain-focused storage solutions. Its unique infrastructure gives it an edge in the growing decentralized data market. Increased demand for data solutions in DeFi and NFTs: As decentralized finance and NFTs grow, the demand for secure, scalable data storage will rise. IO.net’s ability to integrate with multiple blockchains positions it to capture a large share of this expanding market. Revenue from decentralized storage services: IO.net will generate revenue through its decentralized data storage and transfer services, which will be in high demand from dApps, DeFi protocols, and NFT platforms that require efficient data handling across blockchains. Scalability and cross-chain demand: IO.net’s cross-chain infrastructure is scalable, meaning as blockchain ecosystems grow, the demand for its data storage and transfer services will increase, driving long-term value for SEED_ALEXDRAYM_SHORTINTEREST2:IO tokens. For those who are asking, just follow me on Trading view, I will share you my full analysis and documents on Google docs.
Long
by osodatsismoso
Alikze »» FET | Bearish Flag🔍 Technical analysis: Bearish Flag - In the analysis presented in the weekly Time, after a corrective trend up to the major ceiling area, it encountered demand, which led to a growth of more than 80%. - Currently, in the 4H time frame in an ascending channel, in the middle area of ​​the channel, as you can see in the chart, a bearish flag has been formed. - Therefore, due to the failure of the supply zone, which is also recorded as a rejection candle, it can have a correction to the origin of movement after exiting the short-term ascending channel or the flag as high as the previous leg. 💎 Alternative scenario: In addition, if it can stabilize above the supply zone, the bearish flag pattern will be invalidated and it can continue up to the top of the growth channel. 🛑 Resistance: 1.172 🟢 Support: 0.78 »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:FETUSDT
Short
by alikze
Alikze »» TAO | Retest the bottom of the ascending channel🔍 Technical analysis: Retest the bottom of the ascending channel - In the 4H time frame, after a price pump in the range of $162, it has been moving in an upward channel for some time. - In this ascending channel, after hitting the ceiling of the channel 3 times and not being able to break the range, it has faced selling pressure. - Currently, in the middle of the channel, after suffering for a while, it has again faced selling pressure. - According to the behavior and structure of this correction, it can extend to the area of ​​$278, which is in the range of the bottom of the channel. After that, it can have a retest to Fibo 1.618 and neck line, and then continue the correction to the $250 area. - In addition, if the $250 range is broken, the correction should continue until the origin of the downward movement. 💎 Alternative scenario: If in this ascending channel it can stabilize above the neckline after the pullback to the broken structure, there will be a retest to the top of the channel. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« MEXC:TAOUSDT
Short
by alikze
IO still looks bearishWe have a pattern with price-time similarity that looks like a diametric. The length of each branch is between 22-23 days. We seem to be in wave C now. The vertical line is the minimum time that wave C should have. We are looking for sell/short positions in the supply range. Closing a daily candle above the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
Short
by behdark
IOUSDT.4HToday, I’m analyzing the 4-hour chart of IO against USDT on the Binance exchange. The current price of IO is $1.552, which shows a minor decline of 0.70% recently. Key Resistance and Support Levels: The chart identifies key resistance levels at R1 ($1.783) and R2 (higher, not visible on the chart). The support levels are noted at S1 ($1.533) and S2 ($1.269). The current price is hovering just above S1, which suggests a critical juncture; if the price breaks below this level, it might test the lower support at S2. Technical Indicators Analysis: • MACD: The MACD line is below the signal line and close to crossing it from below, which could indicate a potential bullish reversal if it succeeds in crossing above. However, both lines are below zero, suggesting that the overall momentum is still bearish. • RSI: The Relative Strength Index is around 45, which is neither oversold nor overbought. This indicates a relatively balanced market condition but leans slightly toward bearish sentiment. Analysis: The IO market is currently in a delicate position, teetering just above the first support level (S1). The proximity to S1 could lead to a decisive move shortly. If the price holds above S1 and the MACD completes a bullish crossover, it might suggest an opportunity for a price recovery towards R1. Conversely, a break below S1 could see the price heading towards S2, signaling a continuation of the bearish trend. Conclusion and Trading Strategy: Given the current market indicators and price action, my strategy would involve closely monitoring the price action around S1 ($1.533). If IO holds above this level and the MACD crosses above the signal line, considering a long position with a target near R1 ($1.783) might be a viable approach, placing a stop-loss just below S1 to manage risk. However, if the price breaks below S1, I would look for potential short opportunities, targeting S2 ($1.269) while keeping a close watch on any potential reversal signals.
by MarsSignals
IOUSDT - A Prime Opportunity for Long Term Gains.After a significant correction, IOUSDT is making efforts to reclaim its previous major support level. This is often a positive sign, indicating that the market may be stabilizing and setting the stage for a potential upward move. IOUSDT is part of a significant GPU project, which adds to its appeal and long-term potential.For those looking to invest, this could be an opportunity to buy IOUSDT and hold it for the long term. Given the project’s potential and current market conditions, long-term holding may yield substantial returns IOUSDT (1D Chart) Technical analysis IOUSDT (1D Chart) Currently trading at $3.4 Buy level: Above $3.5 (Buy after breakout) Stop loss: Below $3 TP1: $3.8 TP2: $4.3 TP3: $5.5 TP4: $6.5 Max Leverage 3x Always keep Stop loss Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
Alikze »» ONDO | Movement in the descending channel🔍 Technical analysis: Movement in the descending channel - According to the analysis presented in the previous post, after breaking the major ceiling, it continued to grow until the middle of the channel. - Currently, it has faced correction in the daily time frame after the break of the medium-term ascending channel. - Now it is moving in a descending channel, which after reacting to the major ceiling several times, faced increasing selling pressure, which finally broke it down after forming a corner pattern. - Now, in the area where the movement originates, there is a relative demand, which can have a pullback with a broken structure, and if the selling pressure continues, it will continue to correct until the green box. 💎 Alternative scenario: if it can break the supply area, it can continue to grow up to the range of 1.17 and then up to 1.36. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« KUCOIN:ONDOUSDT
Short
by alikze
Alikze »» OM| Pullback to the roof major🔍 Technical analysis: Pullback to the roof major - In the analysis presented before , it was mentioned that it is located in a range area, which after creating demand in the green box area, it was able to advance to the supply area. - But it is currently in a bullish channel in the daily and 12H timeframes. - According to the bottom range of the channel, if it faces demand in the liquidity area, it can grow up to the previous ceiling range of 1.37 in the first step. - In addition, it will have the ability to reach the specified supply area by breaking the previous ceiling. 💎 Alternative scenario: But if the pullback to the broken structure faces selling pressure and breaks it, the correction can continue up to the green box area. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:OMUSDT
Long
by alikze
Alikze »» IO | Descending channel🔍 Technical analysis: Descending channel - In the analysis of the post presented earlier, it was moving in an ascending channel in the 1h time frame, which was corrected after failing to break the supply zone and touched the bearish target. - Now it is moving in a descending channel in the 8h time frame. - According to the behavior and structure, it is forming a double hybrid modification. - Therefore, I expect that after hitting the ceiling of the channel, which can form a corner pattern, it will encounter an increase in supply again and complete the last leg to the minimum floor of the channel and then to the Buyer Zone. 💎 Alternative scenario: If it can break the zone considering that it has an Ingalf candle at the bottom of the channel, it can increase to 0.23 fibo of its previous wave. If the behavior and structure of the post changes, it will be updated. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:IOUSDT
Short
by alikze
Alikze »» LINK| Descending channel🔍 Technical analysis: Descending channel - According to the previous post , after not fixing in the green box, the second scenario was realized. - In the daily time frame, it faced a correction after a movement cycle, which is currently moving in a descending channel. - Now after the demand at the bottom of the channel and the green box area, it has broken the middle of the descending channel after the second collision. - Therefore, it can continue the upward movement with pullback to the middle of the channel, up to the roof area of ​​the descending channel. 💎 In addition, if it can break the supply area and stabilize above the 15.6 range, it will have the targets of 1.272 and 1.618 Fibo. 💎 Alternative scenario: Note that to continue the upward trend, it must be above the 12.5 zone, so if it stabilizes below this zone, it can touch the green box again. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:LINKUSDT
Long
by alikze
Alikze »» TRAC | Pullback to Neckline🔍 Technical analysis: Pullback to Neckline - The 8H and 12H frames are moving in a downtrend. - Given the descending faithful, the return of the descending canal can be the broken structure to continue the descending route. - If the money is on the line and cannot penetrate it and cut down the descending channel, it can continue the downtrend in the first step to 0.5859. 💎 Possible Scenario: Depending on the structure and behavior as well as the descending faithful, the scenario can be achieved until the green box and liquidity range can be achieved. 💎 Alternative scenario: Also, if it can cut the supply range and channel ceiling, it can test the next supply zone, which must have a stabilization top. 🛑 Resistance range: 0.83 - 0.805 🟩 Support range: 0.488 - 0.537 »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Short
by alikze
Alikze »» PENDLE | Triangle corner pattern🔍 Technical analysis: Triangle corner pattern - According to the analysis presented in the previous post, after the inability to break the supply zone, it faced a correction and fell to the green box, which is currently a resistance to continue the path. - Currently, a corner pattern is formed in the daily time frame. - But now it can have two paths. 💎 First scenario : after a dynamic trigger retest, this failure can occur from the bottom and continue until the origin of the movement of the 3.90 correction range. 💎 The second or alternative scenario : if it can break the supply zone with buying pressure and retest the upper supply zone after hitting the dynamic trigger with a pullback to the supply zone. 🛑 Resistance range: 5.07 - 5.46 🟩 Support range: 3.90 »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Short
by alikze
Alikze »» IO | Short -running channel🔍 Technical analysis: Short -running channel - The one -hour frame is moving after a modification in a short ascending channel. - In the middle of the canal and in the area of ​​resistance density. - If it can be located above the area, it can have up to 6.25 channel ceiling and can grow with the middle of the canal to the supply area if the reaction. 💎 Alternative scenario: If it fails to break the resistance range and face the channel failure, it can modify the green box after the money. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
Long
by alikze
3
IO/USDT LONG TRADE SETUP!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis. IO/USDT looks good here in a 2-hour time frame. Breaking out from the falling wedge-like structure in a 2-hour time frame. Long some here and add more in the dip. Entry:- At CMP and add more up to $3.4 Targets:- $3.73/$4.23/$4.72/$5.14 SL:- $3.28 Lev:- Use low lev (Max 5x) What are your thoughts on IO's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
4
Ion Geophysical will fall more. IOIt looks like we started a zigzag, completing Wave A. Given the Fib time and retrace projection there is still plenty of time and space for this thing to fall further. Just remember that this is just one take, the most statistically probable one in our view, so, yet, anything is possible. The market can and will surprise, disappoint, invigorate and depress you. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
IShort
by Rykin_Capital
4