IOSTUSDT trade ideas
IOST/USDT Cup and Handle Pattern Updating my previous prediction - IOST currently forming Cup and Handle pattern as we predicted.
Currently bouncing back from Fib 0.5 and Support order block. It should break out of the handle to enter or wait for the major breakout for additional confirmation. Keep an eye on the Fib to pick the resistance at this stage. If it breaks out of $0.086 then we can expect a bullish move towards $0.13 (Fib 1.618)
This is not financial advice and please DYOR. Keep an eye on BTC correction too. Manage your risk accordingly.
IOST SHORT SETUP PERFECT ENTRY FOR: 1:6 RRHello Everyone welcome to this update. I'll keep it short.
IOST is forming a double top pattern in a daily time frame which is usually a bearish pattern. Also, it breaks the resistance of $0.6458. So it is the perfect time to enter the short position.
#SHORT ENTRY:- $0.62-$0.64
TARGET1:- $0.5338
TARGET2:- $0.4098
SL:- $0.6844
Leverage:- 3x-5x
RISK:REWARD:- 1:6
Please hit the like button if you agree with this setup.
This is not financial advice. DYOR before investing.
Thank you.
IOST / USDT Price Action AnalysisHi traders,
This will be a very quick and simple chart on IOST
Now, how has the price for IOST been performing?
Well after reaching an all-time-high level on February 19th, IOST/USDT started to correct the gains towards a key pivot level shown here in orange.
-However, the launch of mainnet could create another spike towards last week’s highs or perhaps even higher. with the supertrend indicator we can clearly see the corrections and support.
-The pair has been enjoying a healthy uptrend on the daily chart, above the Ichimoku Cloud, so if the mainnet launch goes smoothly, the choppy corrections could provide a buying opportunity.
-For more chart analysis on the crypto market follow, and if you agree with this, like and share.