IO
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.
