IOST continued upwards channel - Final/Public
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Hey everyone!
I am new to TradingView & Crypto - this is my first chart here :) It took a bit to get used to the tools, but finally I figured it out.
It looks like the channel is still open, the author would not update the chart, so I made my own. The last bull run put us just above the channel, but then we fell back down into it so it could be considered "noise". It appears the trades are respecting the support/resistance lines on the continued channel. IOST is still in a channel, and the best time to buy is at the bottom of the channel.
Thus my overall position on IOST is LONG. I have purchased in at 677 satoshis, and also at 638 satoshis :) I am not able to make price predictions yet, still learning :D
It appears we did bounce off the support @ 600 sat. Buy in as close to 600 sat as possible. We may get that 600 buy in level again!
Hold for few days to weeks, maybe months if channel lasts that long :) Still a newb, take it as a grain of salt :P
This chart / channel is based off of the chart below:
If anyone agrees or disagrees with my suspicions, please post a comment and let me know why :)
I am not an experienced trader, so please take this chart "AS a grain of salt" :) Taking it "with a grain of salt" would taste naaaasttyyyy :P
I am new to TradingView & Crypto - this is my first chart here :) It took a bit to get used to the tools, but finally I figured it out.
It looks like the channel is still open, the author would not update the chart, so I made my own. The last bull run put us just above the channel, but then we fell back down into it so it could be considered "noise". It appears the trades are respecting the support/resistance lines on the continued channel. IOST is still in a channel, and the best time to buy is at the bottom of the channel.
Thus my overall position on IOST is LONG. I have purchased in at 677 satoshis, and also at 638 satoshis :) I am not able to make price predictions yet, still learning :D
It appears we did bounce off the support @ 600 sat. Buy in as close to 600 sat as possible. We may get that 600 buy in level again!
Hold for few days to weeks, maybe months if channel lasts that long :) Still a newb, take it as a grain of salt :P
This chart / channel is based off of the chart below:
If anyone agrees or disagrees with my suspicions, please post a comment and let me know why :)
I am not an experienced trader, so please take this chart "AS a grain of salt" :) Taking it "with a grain of salt" would taste naaaasttyyyy :P
Nota
Price action is respecting the channels support and resistance lines. The channel appears to be active still (since at least Aug. 27)Price is still in a good spot for buy in - anything close to 600 is good :) Of course this is my opinion and you should form your own :P
Nota
If you zoom in to the 5 or 15 min chart you can see we are in a mini ascending wedge within the channel.Hopefully we break out and blow past my buy in @ 638 within 1-2 hours
Nota
Looks like the ascending triangle was bad call. We have taken a hard dip for the bottom of the channel. We may be in for some sideways/bottom channel trading... If you trust the channel then now is good time to get in... I'd be jealous ;) HODL on :)
Nota
IMPORTANT NOTE: I drew my channel a bit tighter than the original authors. Use it (above) for reference, I don't think its possible to update the idea chart...
Nota
TRON IS MAKING ITS MOVE!!! IF ONLY I GOT MY LEVERAGE POSITION IN!!!HOLY SHIT I CALLED THAT WITH BASIC ANALYISIS LOLOL
Nota
I meant IOST LMFAODagangan ditutup: sasaran tercapai
Target reached! Congrats to all who have made gains! I personally have cashed out to secure my profits ($50 USD).You can do the same, or dollar cost average your way out.
I suspect this channel will continue, and will update it with a new entry/exit point in the future!
Nota
It appears I cashed out early @ 740 sat it has gone to 775 sat.I have learned another lesson (and made profit) which is what it is all about :D
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