Looks like IOST in symmetrical triangle
Updated
Hey TradingView!
It looks like IOST is in a symmetrical triangle. Time scale is larger, 4 hours to a few days. We have previous up trend, forming very strong support along the bottom because of the channel, and confirmed resistance forming the top. The clock is wound up and ready to explode! We may see 20-30% gains on this trade by the time it hits the top of the channel and breaks out to the upside.
Now is perfect time to buy, as we have come down to the bottom of this triangle/channel. Buy zones 1 & 2 are open!
Do you want to learn to trade? Don't pay anyone for something you can learn yourself using Google and other free resources!
We are Cryptono Vikings, join our discord community today :) discord.gg/9YY4QNV
Please trade at your own risk, you are in charge of your own investments!
I am not a financial advisor, simply learning as I go and explaining what I think :)
If you do trade, please trade safe!
It looks like IOST is in a symmetrical triangle. Time scale is larger, 4 hours to a few days. We have previous up trend, forming very strong support along the bottom because of the channel, and confirmed resistance forming the top. The clock is wound up and ready to explode! We may see 20-30% gains on this trade by the time it hits the top of the channel and breaks out to the upside.
Now is perfect time to buy, as we have come down to the bottom of this triangle/channel. Buy zones 1 & 2 are open!
Do you want to learn to trade? Don't pay anyone for something you can learn yourself using Google and other free resources!
We are Cryptono Vikings, join our discord community today :) discord.gg/9YY4QNV
Please trade at your own risk, you are in charge of your own investments!
I am not a financial advisor, simply learning as I go and explaining what I think :)
If you do trade, please trade safe!
Note
Looks like triangle height is about 40-45% so we may see some very large gains if things go the way we want them to :) In crypto this may not be always possible. Be aware of the risks involved in trading this asset.
I am not a financial advisor, I am simply learning Technical Analysis
Note
It looks like we are going down outside of the channel we were inside for so long... A buddy charted it out saying going down and looks like we might fall through that support.Set your stops folks I think this was a bad call...
As previously mentioned I am learning and not a financial advisor :)
Trade closed: stop reached
Triggered my stop near 633 had to manually sell some @ 629Looks like were going down :-/
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