#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
Giao dịch đang hoạt động
t.co/mHDc3FV5xI