Price action analysis for LONG trade to 30300 Liquidity still remains at 26600. Trendline confluence increasing chance of a breakout at that level. Also, notice the H/S pattern (currently forming right shoulder) on 4H resolving around the confluence zone DYR
Possible liquidity run at 20K before BTC continues further. Idea invalid if BTC reclaims rising wedge
60K retest, 1.618 level, regained current mid channel support and indicators bullish on 4H
Classic retrace from previous high, now for the next leg. This is a pattern I've started to notice more often
Still early for comprehensive TA but I noticed this is respecting key fib levels. Taking this into consideration, combining the fibs with the early TA we get levels to watch. If .25c holds: .25c support, .30c resistance, .40c resistance, Fib targets : .65c next target. Followed by T2 $1.00 and T3 $1.50 If support breaks .18 and .10 are key support levels.
This instrument has held up pretty well through the FUD. Managed to hold the 200SMA on the 4hr which is a must for my long positions. This and the buy volume on extensions has me convinced buyers are coming in and it's just the beginning. However, this slight uptrend has been with minimal volume, meaning it "might" still be consolidating. Low volume on the way...
Chart says it all. This is the first decent uptrend of IOST/ETH. Long until BTC/USD hits 10K.
Looking to buy on the 1.06 handle. stop 1.0574
Lower lows and lower highs on this consolidation. Break of this flat bottom possible