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IOST / TetherUS

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IOSTUSDT trade ideas

IOSTUSDT (IOST) - UPTREND CONTINUATION ANALYSIS 🔎 - IOSTUSDT bounced off the ascending channel support and brokeout above the descending trendline resistance (1). - Price is heading to the ascending channel resistance. - Price is undergoing a minor retracement to the key fibonacci retracement levels. - We could see an uptrend continuation from those key levels. - The minor retracement is resisted by the descending trendline resistance (2). BUY ENTRY ⬆️ - Aggressive (risky) : fibonacci retracement levels. - Conservative : breakout above the descending trendline resistance (2). TARGETS 🎯 - Swing high - Fibonacci extension levels SETUP INVALIDATION ❌ - Breakdown below the ascending channel support.
Long
by Chibuike_Odoh
✳️IOST/USDT Analysis (24/1) #IOST $IOSTIOST just broke out of the Falling Wedge pattern after testing $0.015 zone, so we can expect another strong rally of IOST. If IOST conquers $0.02 zone, it will return to test its recent peak at $0.026 and it is highly likely that it will continue to rise to $0.032 zone over the next few days. 📅NEWS 👉Jan 21 : Dev Updates 👉Jan 22 : IOST/HUSD Integration 👉Aug 1 : Month Airdrop Ends 📈BUY -Buy: 0.014-0.015$. SL B -Buy: 0.019-0.020$ if A. SL B 📉SELL -Sell: 0.019-0.020$. SL A -Sell: 0.026-0.027$. SL A -Sell: 0.031-0.032$.SL A ♻️BACK-UP -Sell: 0.014-0.015$ if B. SL A -Buy: 0.010-0.011$. SL B ❓Details Condition A : "If 1D candle closes ABOVE this zone" Condition B : "If 1D candle closes BELOW this zone"
Long
by CryptoStation
1
Inverse head and shoulders reversal pattern - IOSTUSDT review 📚Good day everyone. Today, I'll be discussing on the inverse head and shoulders reversal pattern. 1. DEFINITION What is Inverse Head And Shoulders? An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs. 2. ENTRY The entry (buy order) of an inverse head and shoulders pattern should be placed above the neckline resistance (breakout). 3. TARGET (TAKE PROFIT) The target level of your inverse head and shoulders pattern should be the distance of the head to the neckline resistance. When this pattern is formed in a channel support or rectangular pattern support, your target levels should be the channels resistance and rectangular pattern resistance respectively. 4. SETUP INVALIDATION AND STOP LOSS The setup invalidation of this setup is a breakdown below the shoulders support level. The stop loss can be less than or equal to the setup invalidation. TRADE EXAMPLE I'll be using my analysis on IOSTUSDT as a trade example on the inverse head and shoulders reversal pattern. My entry (buy order) ⬆️ - breakout above the neckline resistance. My target 🎯 - distance (head - neckline resistance). Setup invalidation ❌ - breakdown below the shoulders support level. Stop loss 🔴 - setup invalidation / 2. The trade played out as expected, hitting my take profit and it's still pumping.
Education
by Chibuike_Odoh
4