[IOCBTC](490% – 2800% PP) I/OCoin Long Term Trade
I/O Coin (IOC)
[10-April] Closed in profits.
I/OCoin (IOC) Overview
The IOC development team is currently in steadfast development, upgrading its open source blockchain protocol to host a fully private cryptocurrency. Enabling confidential, decentralized peer to peer digital payments. IOC currently fuels Dapps (decentralized applications) that take advantage of a full array of features, from encrypted document storage, encrypted transfer, identity storage to a fully encrypted messaging system.
I/OCoin (IOCBTC) Chart Analysis
We are looking at I/OCoin long term. These are set it and forget it trades, but you can trade actively when it comes to the first few targets. For higher targets and higher profits, it can take many months for such a trade to fully develop.
Now, let’s go to the charts. Long term chart for IOCBTC:
- The blue arrow on the chart, which is also on the MACD, represents the bullish divergence.
- The RSI has broken above April’s 2018 resistance and is trending up.
- Trading above EMA10 (this signal is only confirmed when the week closes).
- Already shredded 95% of its value from its last bull run and found support around Nov. 2015 price levels.
- Consolidation next followed by bullish action.
- We focus first on the short term targets.
- Let’s trade!
I/OCoin (IOCBTC) Trade
Buy-in: 0.0000376 – 0.0000410
(Avg. buy-in: 0.0000393)
Next support (2nd entry): 0.0000270 – 0.0000300
(1) 0.0000468 -Reached 14-Mar. (+19%)
(2) 0.0000539 -Reached 17-Mar. (+37%)
(3) 0.0000589 -Reached 19-Mar. (+50%)
(4) 0.0000654 -Reached 22-Mar. (+66%)
(5) 0.0000725 -Reached 23-Mar. (+84%)
(6) 0.0000900 -Reached 4-April (+129%)
Stop loss: Close weekly candle below 0.0000250
Capital allocation: <5%.
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