Crypto Day Trade Opportunity - Internet of People IOP
Internet of People has had nice swings since its break out in mid-September.
Since then it went up by 850% (!!!) then corrected to 68% below that peak (09-21) up again 161% then corrected to 34% down this new peak (09-26), went up yet again a 3rd time by 77%, corrected by going down 22% from the peak and one last run up of 30% before diving 47% from this last peak to the 61% of fibonacci retracement in relation to its break out starting point. Now it is showing signs of changing the trend back to upwards motion.
If you read the above paragraph and is not dizzy, you are accustomed to roller-coasters! What an incredible moment IOP investors have had!
I am here today to spot another opportunity. This one is way more modest, we are only talking about 28%, 12% and 15%. While IOP is deciding if this is really an uptrend, we just saw 3 waves up and down on the last 36 hours that yielded the mentioned growths. Does it mean we are about to run up for the 4th wave? ** Maybe**
Does it mean that we could see another break out like the ones described on the first paragraph?
I think it is unlikely to see something like that this close to Bitcoin's hard fork. It is possible though that we see something like it before the fork, as in the last fork BTC recovered way before the actual fork date.
Definitely something to keep an eye on.
If you are a day trader, the current swings are very nice! If you want to swing trade it, set your stop losses at a comfortable pinch and cross your fingers. Indicators are good - fibonacci 61% level, 12 hour MACD and RSI. In the end it does not mean much, but they are doing what they are supposed to: indicating possibilities.
FULL SIZE TA Analysis chart
https://ibb.co/fUWwtw
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ETH - 0xC25Ad8dA5B3a3FBb5fD3822df76eF8A10e155395
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This is not financial advice!
Invest and trade at your own risk. NOBODY is right all the time. They only have to be right a few times and have a great strategy and risk management to make money. Be careful, invest at your own risk.
Crypto Day Traders Club
is a Facebook group I created for likeminded individuals who are serious about day and swing trades. Not a place for people looking for easy ways to make money. There people work hard to make their buck, good bucks. We share trading insights, techniques, opportunities. Fundamental and Technical analysis ideas and facts. Always backed up by accordingly explanation, no posts or comments that don't add value to the subjects discussed.
https://www.facebook.com/groups/cryptodaytradersclub/
