IOSTUSD trade ideas
IOST continued 6/11/2019Price is in a right shoulder consolidation.
If price falls below right shoulder support I will look for a double bottom support but i do not see this happening. If price continues rising and hugging the yellow range floor line and breaks out upwards from the "Pinch zone" price will be bullish.
Short term trade
Idea entry: .011
Idea TP: .025
SL: .005 cent
There is a trading opportunity to buy in IOSTUSDTechnical analysis:
. Isimple/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.01100000 to 0.00870000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.01100000)
Ending of entry zone (0.00870000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.01500000
TP2= @ 0.01928000
TP3= @ 0.02896000
TP4= @ 0.03683000
TP5= @ 0.04750000
TP6= Free
There is a trading opportunity to buy in IOSTUSDTechnical analysis:
. Isimple/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.01100000 to 0.00870000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.01100000)
Ending of entry zone (0.00870000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.01500000
TP2= @ 0.01928000
TP3= @ 0.02896000
TP4= @ 0.03683000
TP5= @ 0.04750000
TP6= Free
IOST soon swing long for 100%++!!!Wave 3 can go to target 1 or 2 and only then will we know where wave 4 will land, but who cares time to bank minimum 100% on this swing long.
Those are ladder targets. I like the bright 2nd box from the top. If you don't know how to ladder/use proper position size then I recommend to wait for an hourly confirmation uptrend from one of the boxes and then start dumping your money into it.
I will be zooming in and day trading it all once the bounce happens.
******thread of day trading in comments!****
(lower, boxes invalidation buy and/or late buy= buy new high above red line)
A trading opportunity to buy in IOSTUSDTechnical analysis:
. IsimpleToken/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 49.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.01100000 to 0.00870000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.01100000)
Ending of entry zone (0.00870000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.01455000
TP2= @ 0.01928000
TP3= @ 0.02896000
TP4= @ 0.03683000
TP5= @ 0.04750000
TP6= Free
A trading opportunity to buy in IOSTUSDTechnical analysis:
. IsimpleToken/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 49.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.01100000 to 0.00870000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.01100000)
Ending of entry zone (0.00870000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.01455000
TP2= @ 0.01928000
TP3= @ 0.02896000
TP4= @ 0.03683000
TP5= @ 0.04750000
TP6= Free
IOST - NO SIGNS OF A BULL RUN OR BOUNCEIf you do not have any 'sentimental' connection to IOST, invest in some other ALTs - although we are still in very desirable pricing zone, we do not have any signs of potential bounce. If this is a must have for you, I would only suggest holding around 10% of your total portfolio in this.
IOST / USD Price Analysis: Traders Taking ProfitIOST / USD Short-term price analysis
IOST has a bearish short-term trading outlook, with the IOST / USD pair slipping below its key 200-period moving average on the four-hour time frame.
The four-hour time frame is currently showing a head and shoulders pattern in play, with the IOST / USD pair trading below the neckline of the bearish pattern.
The latest move lower in the IOST / USD pair has reversed any bearish MACD price divergence on the four-hour time frame.
Pattern Watch
Traders should note that the IOST / USD pair will target the March 2019 swing-low if the head and shoulders pattern reaches its full downside projection.
Relative Strength Index
The RSI indicator on the four-hour time frame is bearish, although it has now moved into oversold territory.
MACD Indicator
The MACD indicator on the four-hour time frame is bearish with the MACD signal issuing a strong sell signal.
Fundamental Analysis
IOST is selling off after the recent surge in price. Investors seem to be taking profit from the positive announcements made recently. Earlier this month the company received funding from BlockGroup, with $200M under management. The company has also announced that it surpassed Ethereum in daily transaction volume.
IOST / USD Medium-term price analysis
IOST has a bullish medium-term outlook, with the IOST / USD pair still trading above its 200-day moving average despite the recent move lower.
The daily time frame is showing a valid inverted head and shoulders pattern, with the IOST / USD pair moving lower after bulls recently failed to move the cryptocurrency above the neckline of the pattern.
Technical indicators on the daily time frame have turned bearish and show scope for further losses.
IOST / USD Daily Chart by TradingView
Pattern Watch
Traders should note that the bullish target of the inverted head and shoulders pattern is the July 2018 monthly high.
Relative Strength Index
The RSI indicator on the daily time frame has turned bearish and shows scope for further downside.
MACD Indicator
The MACD indicator on the daily time frame has turned bearish and is currently issuing a sell signal.
Fundamental Analysis
Although the price has been going down during the past few weeks, the project continues to take concrete steps to increase its transaction volume and user base. This should have a positive effect on the adoption and the demand for the IOST token in the medium-term. It is also important to mention that the project is backed by institutional investors, which should help it create valuable partnerships and further scale the network in the future.
Conclusion
IOST is under pressure in the near-term, with technical indicators across both time horizons pointing to further losses for the IOST / USD pair.
The medium-term picture for the cryptocurrency still remains fairly bright, with the daily time frame showing a large bullish pattern, as price continues to trade above its 200-day moving average.
IOST/USDHi, today we are going to talk about IOST!
In this chart, we observe an excellent opportunity of buying in the long term (Time Frame: D1). Details are highlighted above.
Thanks for reading, and have good trades.
iostusd iost is still above strong trend line,on a daily chart price is above 100 MA.
TP:0.009$
stop los: 0.0062
IOSTUSD Calling a Reversal HereHigher Low Established, Its time to take some serious shopping in here while volume is not there yet.
There is a possibility for the beginning of uptrend in IOSTUSDTechnical analysis:
. ISIMPLETOKEN/DOLLAR is in a downtrend and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 31.
. While the RSI downtrend #1 and the price downtrend in daily chart is not broken, bearish wave in price would continue.
Trading suggestion:
. The price is in a downtrend and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.0195 to 0.0135). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0195)
Ending of entry zone (0.0135)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0257
TP2= @ 0.0308
TP3= @ 0.0352
TP4= @ 0.0397
TP5= @ 0.0475
TP6= @ 0.0553
TP7= @ 0.0700
TP8= Free
There is a possibility for the beginning of uptrend in IOSTUSDTechnical analysis:
. ISIMPLETOKEN/DOLLAR is in a downtrend and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 31.
. While the RSI downtrend #1 and the price downtrend in daily chart is not broken, bearish wave in price would continue.
Trading suggestion:
. The price is in a downtrend and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.0195 to 0.0135). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0195)
Ending of entry zone (0.0135)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0257
TP2= @ 0.0308
TP3= @ 0.0352
TP4= @ 0.0397
TP5= @ 0.0475
TP6= @ 0.0553
TP7= @ 0.0700
TP8= Free
A trading opportunity to buy in IOSTUSDTechnical analysis:
. ISIMPLETOKEN/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.
. The RSI and the price downtrend in the daily chart are broken, so the probability of the beginning of uptrend is increased.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (0.0195 to 0.0135). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0195)
Ending of entry zone (0.0135))
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0257
TP2= @ 0.0308
TP3= @ 0.0352
TP4= @ 0.0397
TP5= @ 0.0475
TP6= @ 0.0553
TP7= @ 0.0700
TP8= Free
A trading opportunity to buy in IOSTUSDTechnical analysis:
. ISIMPLETOKEN/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.
. The RSI and the price downtrend in the daily chart are broken, so the probability of the beginning of uptrend is increased.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (0.0195 to 0.0135). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0195)
Ending of entry zone (0.0135))
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0257
TP2= @ 0.0308
TP3= @ 0.0352
TP4= @ 0.0397
TP5= @ 0.0475
TP6= @ 0.0553
TP7= @ 0.0700
TP8= Free
A new trading opportunity to buy in IOSTUSDTechnical analysis:
. IOSTOKEN/DOLLAR is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.0257 to 0.0208). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0257)
Ending of entry zone (0.0208)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0308
TP2= @ 0.0352
TP3= @ 0.0397
TP4= @ 0.0475
TP5= @ 0.0553
TP6= @ 0.0700
TP7= Free
A new trading opportunity to buy in IOSTUSDTechnical analysis:
. IOSTOKEN/DOLLAR is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.0257 to 0.0208). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0257)
Ending of entry zone (0.0208)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0308
TP2= @ 0.0352
TP3= @ 0.0397
TP4= @ 0.0475
TP5= @ 0.0553
TP6= @ 0.0700
TP7= Free
ISimple Token Expected to Double in ValueISimple Token seem to have found the bottom at $0.023 level. The support level is seen at 78.6% Fibonacci retracement, that is $0.027. This level today has been rejected along with the 3/1 Gann Fan trendline, while the price produce a new high high.
Simultaniously, IOST/USD is breaking above the downtrend trendline, and this combined price action suggests the beginning of a short or medium term uptrend. The strong resistance is seen at 23.6% Fibs, that is $0.063. If/when this price is reached IOST would more than double in value against the USD.
It seems that today price bounced off the support level, with the daily low at $0.026. Break and close below that price on the daily chart would invalidate bullish outlook. This makes the potential buy trade setup with an extremely high risk/reward ratio, which could be very attractive for ISimpleToken investors.
