IOST set up for breakout - EMA crossing strategyHello everyone and welcome to this analysis on BINANCE:IOSTBTC .
On this analysis I will use the EMA crossing strategy on the hour chart. Usually I am using it in wider timeframes too avoid fakeouts.
Reminder on EMA crossing strategy:
-RSI under 70
-EMA 26 crosses EMA 52
-Low volume on MACD (optional)
-4 hours chart (for 4%-10% gains)
-1 hour chart (for 3%-6% gains)
As you can see the technical tool that I am using and has been rewarding to me is based on the EMA 52,26,12 using the 4 hour chart. A crossover of the EMA 52 and 26 is a sign of a beginning of a trend. In this case you can see that the EMA 26 has crossed the EMA 52 few hours ago, but has not yet started the breakout that we are here to catch. I have drawn a triangle (in blue) in which the price has been trading and is expected to make its run up or down. In order to assess if the price will make a move upward or downward, the EMA crossing strategy helps us make a decision. The fact that the EMA crossover happened few hours ago is not a problem considering the fact that if the breakout did not occur already then the price is likely to have a short pullback before exploding.
You can notice that I have drawn a thin green trend line representing a smaller triangle in the bigger one. This is where the price, if it goes past the green line, will show a first burst that will fuel the next rally.
Aggressive approach:
Long at market price to avoid sudden breakout.
Stop loss below lower edge of triangle.
Take profit at past resistance (upper red dotted line).
Potential profit of approx. 4%.
Conservative approach:
Long at lower edge of triangle.
Stop loss just above past support (lower green dotted line).
Take profit just under resistance level (upper green dotted line).
Potential profit of approx. 6%.
N.B: This strategy safely works for short term price movements. For example, my take profits are usually between 4 and 8%. Additionally, I use 2% of my portfolio per trade with a risk/reward ratio of 2.
**This is my set up and I am sharing that with you for educational purpose. This isn't, in any case, financial advice.**
IOSTBTC
IOSTBTC - Breakout Strat(Im a beginner! any and all tips/criticism encouraged. I STRONGLY urge people to not make trades based purely on my analysis!)
MY BUY= 0.00000438
MY TARGET= 0.00000468
MY STOP= 0.00000428 ( have moved it up to 438)
IOST still looking decent. I think it will break to the upside. It bounced off the upper trend line really sharply, basically the as soon as it hit 461 it triggered a heap of sell orders and shot down. Some volume is coming in, tons more sell orders than buy, makes me unsure as to whether IOST has the power for any kind of serious uptrend. I think it needs BTC to go on some level of bullrun to divert some sell orders away.
BTC i think is going to be in a minor uptrend for the time being, but it has been very erratic. It poses some risk with bringing this all unhinged, but i feel its good for a day or 2.
-=-1HR-=-
RSI= 55
STOCH= 58
MACD= its crossed down, has room to move up i think, looking neutral.
-=-4HR-=-
RSI= 55
STOCH= 69
MACD= Looking bullish? Had a cross signaling possible uptrend. Is a little oversold, good sign.
-=-1Day-=-
Looks neutral leaning on the bearish.
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STRAT
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Im deciding to stay in and try to hit my target 1. Not sure if i will stick around on this trade afterwards, just not sure if overall interest/volume is here yet for it to break hard to the top of this ascending channel. But then what do i know?! haha. Been very tempted to take the next 460 right before contact with trend line and vamoose, but think i will try and tough it out on this since many indicators look decent.
Iost Watching IOST here. Position entered at 333. Uptrend channel which has also formed a bullish triangle, will watch to see what happens with that could also be a bull flag. will cut the position under 365 if this all breaks down.
IOST is BULLISHHi Everyone.
It looks like IOST is getting bullish in my opinion we will be seeing uptrend in a day or two. Looks all good in 1D chart as cup and handle pattern is in formation which is a good sign hoping to see IOST crossing 520 sats. Tell me what do you think about it. I really appreciate positive criticism and feedback.
This analysis is for educational purpose only.
IOSTBTC (Volume Analysis Prediction 4/09/2018)Ticker: IOST/BTC
Exchange: BINANCE
Signal: mid-term @Long
The coin moves irrespective of the market
Opening of a long position in the direction of the current trend (Long)
It is impossible to determine exactly how long the trend will continue
But on the activity of buyers at this level, we can count on
Entry point: 0400
Stop: 0393
Target1: 0417
Target2: 0431
IOSTBTC (Volume Analysis Prediction 4/11/2018)Ticker: IOSTBTC
Exchange: BINANCE
Signal: short-term @Long
Short-term transaction with a good risk-earnings ratio
Trading idea:
Long-term trend movement in this market condition is difficult to determine,
due to strong correlation between tools
Therefore it is worth using not long-term ideas, but fast (intraday).
Buying from the bottom of the consolidation boundary gives us an excellent opportunity
Remember that it is necessary to observe the risk / profit ratio for preserving profit in a long-term perspective
Entry point: 0423
Stop: 0418
Target1: 0433
Target2: 0453
IOST possible 50% gains!BINANCE:IOSTBTC IOST going up ! Analyzing the waves , the Fibs, the volume profiles, possible HNS, double bottom, etc, everything points to a uptrend continuation !
HOPE FOR A GOOD CONTINTUATIONIf it plays out, you could invest in it already... while BTC is stagnant, this could play out.
If it is resistant like ONT, for sure... it is of-course a guess !
Depends of the interest of the people and the seriousness of the first investors/hodlers
IOST - the run before big announcementIOStoken has an announcement that is scheduled for tomrorow, the 9th. I won't play the speculation game here and try to guess what the announcement is but the CEO has been spending quite some time in Korea. Is it a new partnership? A new exchange? Who knows, only time will tell. A rising wedge is depicted in my graph and I believe we'll retrace back a bit to the 480s before finishing off point E of the wedge before taking off. My target pre-announcement is around 600 sats. There will no doubt be a dip prior to the release of the news, and depending on the news... IOStoken can skyrocket or dump hard if the news does not match the hype. Regardless, IOS is a longterm investment for me so small price fluctuation will not matter much.
This is not investment advice, this is just my take on IOS token. Happy investing all.
A coin in the make like Ontology ?A coin which already made 2.5 X in 20 days... and just started it's real uptrend.
Could this be a duplication of a succesful running up like ONT (Ontology) ?
Hope so !
IOST, I WAS Right!IOST took off as predicted... Probably reached it's short term target, time to consolidate a bit.