2-19-2018 IOST Pennant Formation - Buying Opportunity

IOST GIVING HINTS OF NEXT BREAKOUT

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February 19th 2018 - IOST, traded on the Binance platform, has been making moves. We had a series of triangle formations forming over the past week that have been small, but stair-stepped in an upward trend that culminated with a nice breakout.

Looking at the 2-hour candlesticks, we now see a definite pennant formation that appears to be focusing in on a breakout point. The volume has been settling down since the previous breakout, which is very indicative of this coin moving to the next level.

Take special note of the volume spike during the beginning of the larger current triangle formation. The volume has settled since then, and it looks like a quiet consolidation is taking place as it settles into a new higher base at 0.05 price per coin.

The impending breakout move could push IOST back to the 0.09 support level. This is a great entry point to jump on board during what I truly believe is a bull market. The crypto market looks to be rebounding, and if this is continues, we should see several formations and lots of action for IOST.

My goal is to sell at the next peak, and then wait for the correction and consolidation to complete and then retake my position. The next move after 0.09 could possibly be 0.15. I will be looking at the charts after this next action point takes place, and we'll see if it looks like it is possible. Keep your eyes peeled!

Carlton Flowers
CryptoPro Trader Supreme

DISCLAIMER: I am not a financial advisor. Do not buy any cryptocurrency with money you cannot afford to lose. This post is for information and entertainment purposes only. Invest responsibly.

 

Cryptocurrency Coin Watch - The Launch!

COIN WATCH MICRO BLOG - BACK IN ACTION

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Announcement! I am back into the technical analysis trading game! Back in 2013, I got back into penny stocks and started the "Stock Watcher" micro blog for trading penny stocks that were in play. But I got super busy with my businesses, and had to step away from it.

In 2017, I discovered the cryptocurrency market, and how similar it is to the OTCBB and trading penny stocks. The great thing is, just about all of the same technical indicators and chart patterns work for crytpo coins just like they did for the penny stocks.

I've decided to re-launch the mini blog and rename it to the "Coin Watch" blog. I'll be posting my trading ideas and chart updates to help those of you who trade cryptocurrencies to take advantage of this wild market.

I will still give general updates about the current state of the market over on the main crypto mini blog, but this will be for those of you who want to learn more about active trading. It goes without saying, I am NOT a financial advisor, and trading on the cryptocurrency market is EXTREMELY risky. The market is very volatile, so if you don't like wild roller coaster rides, think twice before you ever hit that "buy" button based on one of my recommendations.

Don't forget about the Crypto Resource Page with all of the links to my favorite cryptocurrency resources. I will keep that updated as time goes on.

Stay tuned and please post your comments and questions!

Carlton Flowers
CrytpoPro Supreme