IOC trading at perfect spot for those willing to accumulate
IOCBTC is near the low of the rectangle in which is trading from September 2016.
That is a robust level which has sustained price inside the rectangle even when Poloniex decided to delist IOCBTC.
Now, we see a double bottom forming near the lows. Candles are painting in light red indicating exhaustion in 3-day bear cycle.
Momentum indicators are fully recharged and leaving oversold condition.
On the fundamental side, the IOCBTC team is about to release DIONS: html5 wallet, decentralized network, encrypted messaging...
This market is pretty stable and has not bubbled like most alts. It shows that market has a bunch of strong hands behind supporting steady growth.
All this considered, we spot a combination of factors that favor taking positions into IOCBTC market.
Minimum target is the area between the top of the rectangle and previous highs.
That is a robust level which has sustained price inside the rectangle even when Poloniex decided to delist IOCBTC.
Now, we see a double bottom forming near the lows. Candles are painting in light red indicating exhaustion in 3-day bear cycle.
Momentum indicators are fully recharged and leaving oversold condition.
On the fundamental side, the IOCBTC team is about to release DIONS: html5 wallet, decentralized network, encrypted messaging...
This market is pretty stable and has not bubbled like most alts. It shows that market has a bunch of strong hands behind supporting steady growth.
All this considered, we spot a combination of factors that favor taking positions into IOCBTC market.
Minimum target is the area between the top of the rectangle and previous highs.
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