IOST/USDT Cup and Handle Pattern Updating my previous prediction - IOST currently forming Cup and Handle pattern as we predicted.
Currently bouncing back from Fib 0.5 and Support order block. It should break out of the handle to enter or wait for the major breakout for additional confirmation. Keep an eye on the Fib to pick the resistance at this stage. If it breaks out of $0.086 then we can expect a bullish move towards $0.13 (Fib 1.618)
This is not financial advice and please DYOR. Keep an eye on BTC correction too. Manage your risk accordingly.
IOSTUSDT
IOST / USDT Price Action AnalysisHi traders,
This will be a very quick and simple chart on IOST
Now, how has the price for IOST been performing?
Well after reaching an all-time-high level on February 19th, IOST/USDT started to correct the gains towards a key pivot level shown here in orange.
-However, the launch of mainnet could create another spike towards last week’s highs or perhaps even higher. with the supertrend indicator we can clearly see the corrections and support.
-The pair has been enjoying a healthy uptrend on the daily chart, above the Ichimoku Cloud, so if the mainnet launch goes smoothly, the choppy corrections could provide a buying opportunity.
-For more chart analysis on the crypto market follow, and if you agree with this, like and share.
iostusdt sell sterategy Highest price 0.09171 and 0.09071
sterategy 1 :
Those who bought at the price of 0.01681 will save 50% of the capital In the price 0.09171
And in case of resistance failure and re-formation of the pullback
sterategy 2 :
Save the total capital in the price range 0.09171 and 0.09071 and wait for the resistance to fail
Take the sensitive points of resistance and support seriously
Going long for IOST for a x2 returnThe chart of IOST looks very interesting. Give it that it's not one of the hot alt coins but investors always have to widen the search scope to looks for potential coins.
There are a few bullish indicators in the chart
The daily chart is forming a cup pattern with a double bottom, reaching the resistance at 0.046. There is a supply zone in there. Keep tract on the daily candles to see if it closes above it.
The golden cross forming
The RSI , however, is at the overbuying zone. This is usually a good thing especially in crypto as it shows interest in buying. But the coin might cool off abit before taking off again.
My target prices are as shown in the chart, hopefully it can reach the price of ATH
IOST/USDT Rounding bottomIOST is another coin pulled back quickly after the market crash and turned bullish in short period. It is currently moving towards the resistance and completing the rounding bottom pattern. Wait for the breakout and confirmation before entering.
Warning - we might see a fake breakout so wait for the candle to close above the breakout. Also this might turn into a cup and handle pattern so be cautious.
This is not financial advice please DYOR
IOSTIt has reached a significant resistance, which due to the conditions of the Ichimoku cloud, will soon pass this resistance and can increase by 20% to 50% in the short term.
Due to the temporary drop in the price of Bitcoin (pullback), the closer the price is to the yellow areas, the more it can be bought.
The EOY target can be in the range of 12 to 13 cents.
Good luck...
IOST Break out Likely to happenBuy when in Green band .. above the current resistance
Target
Stop
on chart
1:2-3-4 Risk Reward