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
Isimpletoken
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
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.
