Long
IOSTETH - Possible 4th wave completion with triangle formation.
It looks as though Wave 3 on IOST has run it's course, and the Triple 3 wave correction ending in a descending triangle with a sell spike of 4m volume at 0.00007 signals some kind of short term capitulation.
Wave 3 corrected to 0.5, and Wave 1 corrected by only 0.382. So it seems plausible that IOST has finished correcting.
Stochastics are very oversold, and the RSI just hit it's bullish support line.
Wave 1 travelled 0.000024 in distance
Wave 3 travelled 0.000041 in distance
Wave 5 will likely travel closer to wave 1 distance.
Buy In = 0.0000706
Stop @ 0.000056 (a drop below would invalidate this count)
Target = 0.0000946
Risk/Reward = 1.6 (0.0000946-0.0000706 / 0.0000706 - 0.000056)
This could take over a week to play out.
Wave 3 corrected to 0.5, and Wave 1 corrected by only 0.382. So it seems plausible that IOST has finished correcting.
Stochastics are very oversold, and the RSI just hit it's bullish support line.
Wave 1 travelled 0.000024 in distance
Wave 3 travelled 0.000041 in distance
Wave 5 will likely travel closer to wave 1 distance.
Buy In = 0.0000706
Stop @ 0.000056 (a drop below would invalidate this count)
Target = 0.0000946
Risk/Reward = 1.6 (0.0000946-0.0000706 / 0.0000706 - 0.000056)
This could take over a week to play out.
Note
Totally didn't play out as expected. It has continued its corrective pattern.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.