SUMMARY
On February 16th, I had posted the below chart of IOS Token (IOST). It displayed the Cup & Handle pattern and an early assessment of an impulse wave which target 1,000 Satoshi. Currently, price hit as high as 727 Satoshi and that equate to the wave 3. Price has risen 57% !!
On April 5, I updated the analysis with an Inverted H&S pattern calling for a minimum target of 860 Satoshi. Price ran as high as 727 Satoshi....not to shabby!
MACD is showing that IOST is currently a bit oversold. Teh overall pattern is looking like a very wide and rounded price formation. The 1,000 Sastoshi target still stands as per this chart, it represents wve 5.
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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Tutorial on the use of Fibonacci & Elliott Waves
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