IOST impending Cup and Handle Breakout? Bullish signs everywhur
Excellent bullish signals include:
1) double bottomed on support with strong bounce
2) excellent increased buy volume accumulation
3) Ema's converging in swooping upward motion
4) above ichi cloud
5) cup and handle nearing completion
This coin has a tons of growth potential.
A clear break of the neckline will have a tentative target noted in green ( ~516) which; ironically, should create another much larger cup formation.
As always, take profits when available and pay attention to BTC as it can thwart any possible market movements one way or another.
Good luck and happy trading.
1) double bottomed on support with strong bounce
2) excellent increased buy volume accumulation
3) Ema's converging in swooping upward motion
4) above ichi cloud
5) cup and handle nearing completion
This coin has a tons of growth potential.
A clear break of the neckline will have a tentative target noted in green ( ~516) which; ironically, should create another much larger cup formation.
As always, take profits when available and pay attention to BTC as it can thwart any possible market movements one way or another.
Good luck and happy trading.
Well btc once again pulled the entire market back a bit as it raced down to the low 7,000's. But IOST remained relatively strong. Zooming in on the 5 minute chart, we made a double bottom and are slowly making higher highs and higher lows.
The overall plan is still on course if everything goes as predicted.