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IOSTBTC

#IOST, Will it hold the forkpitch channel? GOOD BUY or BYEBYEHi, this is what I thinking about the IOST chart.. I have just charted this as wish from a friend. Im not hodl this coin myself now, this is only to show a friend what i think of Iost over the next few days. We are now in the bottom of the forkpitch channel and I think it depends entirely on btc falls below 8900 if we fall out or not, in other words, if btc falls below 8800 I think Iost falls out of this channeltrend. What I can see for me is that it will then go down to 38:20 or mabye so far as 61:20 fiblevel from recently high (Only if we break the forkpitch). If we follow most charts from 30min to 1 day, all clear indications show that rsi is on the way down, but what I see at the 2 hours chart is that the rsi are around 26 which is clearly oversold and we are almost oversold in 4 hours, so I now think that the price will soon flatten out and I expect that we will soon start turning the trend again to hunt the median line (RED LINE IN MIDDLE OF CHANNEL) in the forkpitch. However, I expect that we continue to keep the channel, but if we drop below 555sat, I would review my position as I see that we can quickly drop down to 500-520sat a place if thats happen or even more! Tade safe, be safe! But as we can see with MACD on 1 day, the macd are about to cross and thats its a bit scary. But that can fast turn back again when RSI turns on the 2 hours and 4 hours chart.
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by Porshy
31
IOST Bullish Divergence on the Short-TermHere's a quick analysis on IOST for the short-term. Watching the 15m charts, a hidden bullish divergence is forming between the Price and RSI. This divergence, along with the support line in white and the .786 retracement level, should be enough to break IOST out of this descending channel. For price targets, I'll expect any of these retracement levels, but my sights are set on the .5 and the .382, seeing as how well IOST has respected Fib levels. Good luck!
ILong
by jakewiedower
IOSTBTC - Painting Promising PicturesIOST is one of my more promising Gen 3 Crypto picks, with an impressive team and recent good news including token lock up (medium.com), this should be a big gainer this year and beyond. Cup And Handle, Fibonnaci - After finding a (double) bottom in the 190sat range, IOST has had a good couple of weeks, after forming a cup and hitting resistance at 520sat it has had a couple of red days forming the handle, the .786 fib is showing some support with historical support just below at 390sat, laddered buys around these areas are looking tasty. RSI, Hidden Bullish Divergence - Price making a higher low, with RSI making a lower low gives hidden bullish divergence, right on the handle that is forming.
ILong
by zooby
IOST set up for breakout - EMA crossing strategyHello everyone and welcome to this analysis on BINANCE:IOSTBTC . On this analysis I will use the EMA crossing strategy on the hour chart. Usually I am using it in wider timeframes too avoid fakeouts. Reminder on EMA crossing strategy: -RSI under 70 -EMA 26 crosses EMA 52 -Low volume on MACD (optional) -4 hours chart (for 4%-10% gains) -1 hour chart (for 3%-6% gains) As you can see the technical tool that I am using and has been rewarding to me is based on the EMA 52,26,12 using the 4 hour chart. A crossover of the EMA 52 and 26 is a sign of a beginning of a trend. In this case you can see that the EMA 26 has crossed the EMA 52 few hours ago, but has not yet started the breakout that we are here to catch. I have drawn a triangle (in blue) in which the price has been trading and is expected to make its run up or down. In order to assess if the price will make a move upward or downward, the EMA crossing strategy helps us make a decision. The fact that the EMA crossover happened few hours ago is not a problem considering the fact that if the breakout did not occur already then the price is likely to have a short pullback before exploding. You can notice that I have drawn a thin green trend line representing a smaller triangle in the bigger one. This is where the price, if it goes past the green line, will show a first burst that will fuel the next rally. Aggressive approach: Long at market price to avoid sudden breakout. Stop loss below lower edge of triangle. Take profit at past resistance (upper red dotted line). Potential profit of approx. 4%. Conservative approach: Long at lower edge of triangle. Stop loss just above past support (lower green dotted line). Take profit just under resistance level (upper green dotted line). Potential profit of approx. 6%. N.B: This strategy safely works for short term price movements. For example, my take profits are usually between 4 and 8%. Additionally, I use 2% of my portfolio per trade with a risk/reward ratio of 2. **This is my set up and I am sharing that with you for educational purpose. This isn't, in any case, financial advice.**
ILong
by SamLazno