Good day, Steemians! Another altcoin today that I've been observing the past few months. The Trade Token (TIO), from the day that TIO token was live in public, its price was maintained from it's ICO price and already reached up to 1.70USD. However, upon market correction, TIO also follow the market trend and recorded 0.16USD or 2005 sat (the lowest price, maybe its an All time low.)
BUT' lets get into the new chart of TIO now! It seems that the big rebound was happened, touching the bottom then bouncing the new resistance level at 7550 sat (0.59 USD) which indicates the 100% fibs level. As I've mentioned, been observing this token for the pas two months and I can confirmed that the price was maintained and not actually dump as much.
I have also see the cup and handle, which means that a bullish trend can happen anytime soon! And new ATH (All Time High) will be recorded shortly
What possible catalyst can drive the price into new All time high, rather than the cup and handle pattern?
For me, their exchange which is on the Performance and Security Testing phase now! Team behind it and the Marketing plans.
More about with TIO,
Trade.io is a cryptocurrency exchange based on Switzerland that sells products and describes itself as a next generation financial institution based on the blockchain technology. One of the newest products in the portfolio of the company is Blockchain Trade Verifier, which can be used to track foreign exchange brokers and see if they are lying about their data or not.
The company also offers ICO consultancy services. It completed its own ICO in January and it raised #31 million USD. At the moment, the market capitalization of the company is $29 million.
One of the main partnerships of Trade.io includes Bancor, which was made to make its token convertible to the ERC20 standard. Recent developments include the Angel Investor Program that was recently created by the company and the upcoming token exchange. The token exchange was recently launched and it is still limited to a small number of people.
Current Market Cap; $29,346,580 USD
Available in KUCOIN
PS. Article you've read above is for educational purposes only and not an investment advise, do your own research and acquired enough knowledge in crypto before you take an action. If you examine the chart provided, support and resistance was added and you could actually set and entry and exit points for the price. Hope this helps!
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