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IO/USDT looks good here in a 2-hour time frame. Breaking out from the falling wedge-like structure in a 2-hour time frame. Long some here and add more in the dip.
Entry:- At CMP and add more up to $3.4
Targets:- $3.73/$4.23/$4.72/$5.14
SL:- $3.28
Lev:- Use low lev (Max 5x)
What are your thoughts on IO's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
IO
Ion Geophysical will fall more. IOIt looks like we started a zigzag, completing Wave A. Given the Fib time and retrace projection there is still plenty of time and space for this thing to fall further. Just remember that this is just one take, the most statistically probable one in our view, so, yet, anything is possible. The market can and will surprise, disappoint, invigorate and depress you.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
IO - Easy trade Low RiskIO is a ranked squeeze stock. This is a low risk trade stop 1.36 and high 1.60 or higher.
short term +1,000%ION Geophysical Corporation provides data-driven decision-making to offshore energy, and ports, and defense industries worldwide.
I/O Coin (IOC) Could Grow x15I/O Coin has approached a massive support at $0.7 that has been formed back in July 2017. First this price was acting as resistance level, that during the period of March - May 2017 it struggled to break above. But then after the breakout if found the support at that price and produced a n all-time high, hitting $8.2.
Once again IOC/USD is trading at this key price which could once again trigger the trend reversal sending price to the new all-time high. As the upside target, the $10 could be a reasonable price. Not only its a strong psychological resistance but also a technical resistance confirmed by two Fibonacci retracement levels.
But can it go any lower prior to the potential reversal? Yes, it can go lower and/or could still consolidate for another month. The very attractive price would be around $0.5 and the probability that it might go that low remains. Nevertheless it seems that the buying opportunity is already presented and investors could start picking up I/O Coin near $1.
I/O Coin Could Fly 100% UpIO Coin continues to trade upwards producing higher highs and higher lows. Since July 2017 it managed to grow from $0.62 up to the recent high at $7.4, resulting in over 100% growth. While it has been rising, corrective waves took place and the last two corrections were stopped right at the Gann Fan trendlines, both of which were rejected. In the most recent case, Gann Fan trendline was rejected together with the 200 Moving Average.
IOS/USD currently trading just above the support zone, that is between 227.2% and 261.8% Fibonacci retracement levels, which is $4.2-4.5 area. Yesterday this area was rejected which could signal on the continuation of the uptrend. The first strong resistance and potential upside target is seen at $10.5, which is confirmed by two Fibonacci retracement levels. Break above the target should push IO Coin much further, although the reaction of the market at this price is yet to be seen.
Overal the trend is bullish and it is likely will continue that way. Only break and close below the $1.7 support could invalidate bullish outlook.
IOTAUSDIOTAUSD had a massive run from myprevious analysis. On the way up from $0.35 it went thru two targets ($0.6 and $1) and even closed the day on $1.44 level. Overall selling pressure could take this coin back down to $1 area (yellow) which is now acting as new support. Place stop loss under $1 and target next leg up to $1.5 and $2 if we get to bullish mode again.