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IOSTBTC trade ideas

IOST Cup&Handle + Mainnet Launch in 13 days. BINANCE:IOSTBTC BITHUMB:IOSTKRW BITTREX:IOSTBTC IOST has formed a big Cup & Handle on the daily chart and the price is very close to a breakup. In this study we also have a fundamentalist support that is the Mainnet Launch on February 25 and will certainly bring good expectations to investors (Link: goo.gl). The neckline of the figure is around 198, but I attach a margin of safety to consider the breakup valid, my idea is to go LONG with the closing of a candle accompanied by large volume in 202 satoshi or above in 4h chart or greater. (Timeframe to reach targets 10 to 20 days after breakout) If you follow me, you must have realized that I am a big fan of chart patterns and throughout my 13 years of experience in technical analysis I can say that a well-defined pattern most often gives great profits. In this case the first target would be around 20% gain (240sat) and the second target around 40%+(282sat). RSI & MACD confirm the uptrend by demonstrating that the buying power has remained dominant in recent months and both oscillators are pointed up and on the "positive side of the scale." Another important point is that the price has already exceeded the MA200 which also gives us a strong bullish signal. The only downside is the volume that has not yet begun to grow, but this should occur if the breakout is confirmed! Follow me and stay tuned to this analysis that soon can generate a beautiful call with opportunity of great profits! Please leave your like and contribute to the growth of a productive community in the tradingview. God bless!
ILong
by LiuTrader
9
IOST - Why you might want to wait to buy thisNot financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. Before I start on my tangent on IOST, let me tell you about a little feature of TradingView - The alert. Set a price cross alert on this bad boy. Where to set the alert will be analyzed below. I'll have to be honest, I'm not a huge fan of this but I was asked to provide an analysis on it and this is what I see. First I see what most people in the cryptosphere love. A cup and handle ! Don't get too excited. Personally I think most cup and handles are memes but there are ways to trade them if they actually happen. Theory is you measure the depth of the cup and trade the breakout and expect a 100% expansion of the breakout equal to the depth of the cup. In this case, that target would be 290 satoshi. In this case, it's about 40% profit. Not bad, right? I said cup and handles are usually memes so if I end up trading this, I don't expect a target of 290. I'd actually end up taking about 60% profit at about 227 and leaving the other 40% in play and sell it at 245. That is about 50% of the depth of the cup. Bear market, remember? Don't trade on hopes and dreams. Trade the breakout or trade the divergence. We don't have any divergence right now and we sure don't have a breakout, either. Don't be afraid to take profits along the way. Trade safely friends! <3 -CE-
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by bitdoctor
IOS, scenario and targetsSo, in March 2018 we pricked the potential bottom, then in September we started to test it and fell down. We found a new one and created an accumulation zone, then the token started to grew up. We formed a consolidation zone from the top, which is a resistance zone now. (Last Bottom). The token will be attractive for investment if the price will realize the "up to bottom" test of the middle line. (Last Bottom). The nearest goal for the upward movement will be the last high, located at 247 (Local High). If the pressure of buyers does not go away, then after correction from this level, you can wait the price to reach the violet zone (Main Resistance). We are seeing a test of the last consolidation zone now, unfortunately from the bottom, which is not the best. The positive side - we went beyond level 153, and confirmed it as a support.
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by calipsofund