Panjang
#Iost Trade-setup $IOSTBTC $iost #crypto $crypto
#Iost has started a new impulsive wave sequence, after being in a correction period for 20days retracing to 470-480 sats region as expected.
This was posted on 22 April:
Now, #Iost has started a new impulsive sequence since then,
Currently it is facing resistance around 600 region, after Wave 1 made a swing high of 608.
In the 1D t-f we can see #Iost facing resistance at the 20 & 50 DMA levels (585 & 582)
RSI is facing resistance around 50 level.
Yesterday's close was above 20 & 50 DMA levels, if today it manages to close above 585 then we can expect it to rally to 650 region
In the 4H t-f #Iost has support at the 20, 50 &100 SMA's (558,541 & 570)
In the 2H t-f we can see #iost losing momentum as shown by the Divergences in RSI & stoch with overbought levels, so we can expect a short term pullback.
Ideal entry will be to enter on this pullback:
Open: 540-545 (Taking Wave 2 retracement around 50fib region)
Target 1: 670-680 (Taking Wave 3 as 1:1fib ext of Wave 1)
Target 2:750-760 (Taking Wave 3 as 1.618 fib ext of Wave 1)
Stop loss: 525 (below the 61.8fib retracement)
Risk: 3.14% Risk:Reward: 12.7
This was posted on 22 April:
Now, #Iost has started a new impulsive sequence since then,
Currently it is facing resistance around 600 region, after Wave 1 made a swing high of 608.
In the 1D t-f we can see #Iost facing resistance at the 20 & 50 DMA levels (585 & 582)
RSI is facing resistance around 50 level.
Yesterday's close was above 20 & 50 DMA levels, if today it manages to close above 585 then we can expect it to rally to 650 region
In the 4H t-f #Iost has support at the 20, 50 &100 SMA's (558,541 & 570)
In the 2H t-f we can see #iost losing momentum as shown by the Divergences in RSI & stoch with overbought levels, so we can expect a short term pullback.
Ideal entry will be to enter on this pullback:
Open: 540-545 (Taking Wave 2 retracement around 50fib region)
Target 1: 670-680 (Taking Wave 3 as 1:1fib ext of Wave 1)
Target 2:750-760 (Taking Wave 3 as 1.618 fib ext of Wave 1)
Stop loss: 525 (below the 61.8fib retracement)
Risk: 3.14% Risk:Reward: 12.7
Dagangan aktif
Nota
#IOST Trade live! Sl trailed to break-even, as view is bearish with ts-ks cross in 1D and price below 20DMA, if stopped, looking to re-enter after break above 20DMA is confirmed for #iostbtct.co/mHDc3FV5xI
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.