IOSTUSDT trade ideas
🔥 IOST Falling Wedge Break-OutIOST has been forming a falling wedge pattern over the last three weeks or so. Classically speaking, a falling wedge often indicates that a bullish break-out is at hand. During yesterday's BTC gains this break-out has finally happened. This trade is based on the idea that the bullish break-out will cause a new period of gains for IOST.
Seeing the current H1 bar this could well be a fake-out. Place your entry accordingly.
Happy trading!
IOST back 2 back bullish harmonicsprice getting squeezed above ice lines from prev pattern with class C double bottom reversal divergence on the RSI and Classic divergence on the MACD oxygen may be needed for the potential elevation of this asset, also has continuation upside divergence on the daily. optimal price is green lateral support with stop below that. primary and secondary fib extensions are targets.
IOSTUSDT (IOST) - POSSIBLE PRICE ACTIONS ANALYSIS 🔎
- IOSTUSDT is consolidating in the symmetrical triangle (ST) pattern.
- A relatively big move is imminent.
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance.
- Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support.
TARGETS 🎯
- Uptrend ⬆️: Horizontal resistance levels (R1, R2).
- Downtrend ⬇️: Horizontal support level (S1), Ascending trendline support (ATS)
IOSTUSDT - accumulation in the trianglestop loss at the base of the figure.
entry now and you can add a position after the breakout. (If you are experienced).
The take profit was shown on the chart.
Preparing useful content for beginners
You will learn the best place where we can trade this instrument at low risk.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
IOSTUSDT is creating a symmetrical triangleIOSTUSDT is creating a symmetrical triangle after a nice bullish impulse. IF the price will have a breakout from the triangle According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
IOSTUSDTHello to you all. Mars Signals team wishes you high profits at all times.
The price has broken out of the triangle and has also made its pull-back. Now it is ready to go up toward its targets. But you need to keep an eye on Bitcoin too before deciding to make a move on IOST.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!