IOST token Price Overview - 0.0264$ - Short Term Bullish Wave - 24-03-2018

Hi Steemians,

Market is still acting bearish and only few tokens that stays strong and show a bullish short term move become the market leader with big daily trading volumes.

IOST, I was not aware of this coin few month ago until @michaelluchies shared a airdrop of this coin and i participated, I was rewarded with 68 IOST tokens, Thanks to him and make sure to check his blog, He always share some great airdrops and opportunities. Moving on to the iost token, The coin has shown a short term gain on daily candle, which is almost 20%.

For me it's a short term buying opportunity as i m sharing the chart below

Support and resistance levels can be seen in Red color

Support: 0.0234
Resistance: 0.029

The blue line represents the trend-line on hourly chart that market is surfing for a smooth upper wave.

The black line is the broken short term resistance.

The blue and black line together make a broken triangle for an upper wave.

Until the market stays above the blue line it's safe to jump in for small percentage of profit.

The token is available on good exchanges like Binance, and can be traded easily in exchange of bitcoin.

Another benefit of this small value coins is that large number of % can be targeted in short term, Same applies for loss.

I m exchanging my 0.20 btc to IOST but only for short term and taragetting 10-20% of profit.

Please note that this is just a shot of my own trade and it's not an investment advice. It's always best to do your own research before make any financial decision.

Best of Luck.

Thanks for Reading