English Breakfast or Earl Grey?
Let's keep this one simple.
C&H - As you can tell, I like Cup and Handle formations. This one looks about 75% complete, and with the support from the start of IOST's spike to the bottom of the cup and beyond, it looks like this pattern is a safe bet.
Volume - We're dealing with double the volume we had in IOST's accumulation and Cup-forming periods, so once this pattern is complete we'll have lots of momentum behind us.
Targets - The C&H should complete in the 340-346 zone, then I'd love it to go up at least ~9% to 370. It could potentially move beyond this so I'll be sure to keep this trade updated.
I'd laugh if you thought I was a financial adviser. Your money, your problems.
If you liked this, I'd love a follow and a like.
There you have it!
~Retro
Let's keep this one simple.
C&H - As you can tell, I like Cup and Handle formations. This one looks about 75% complete, and with the support from the start of IOST's spike to the bottom of the cup and beyond, it looks like this pattern is a safe bet.
Volume - We're dealing with double the volume we had in IOST's accumulation and Cup-forming periods, so once this pattern is complete we'll have lots of momentum behind us.
Targets - The C&H should complete in the 340-346 zone, then I'd love it to go up at least ~9% to 370. It could potentially move beyond this so I'll be sure to keep this trade updated.
I'd laugh if you thought I was a financial adviser. Your money, your problems.
If you liked this, I'd love a follow and a like.
There you have it!
~Retro
Operación activa:
Fantastic performance by IOST today - it's confirmed perfectly to my Cup and Handle pattern. Who's ready for liftoff?!
Fantastic performance by IOST today - it's confirmed perfectly to my Cup and Handle pattern. Who's ready for liftoff?!
Operación activa:
Unfortunately it looks like the volume has decreased a little. If it's still low by the end of this candle then there's potential for a reversal to the 0.618 zone.
Chart courtesy of @XanderCrypto, be sure to drop him a follow!
Chart courtesy of @XanderCrypto, be sure to drop him a follow!