Internet of Services Potential Paths (Feeling Bullish)

17 Agu 2019

Internet of Services (IOSTBTC) randomly caught my attention today... It turns out that is trading above EMA50 and challenging EMA100 (blue line) within an ascending triangle... This is a bullish setup.

Here we are looking at the following signals:

• Bullish MACD.
  
• Strong RSI.
  
• Trading above EMA10/50.
  
• Low volume (signals upcoming breakout).
  
• Higher lows (Ascending triangle).
  

This is a nice setup and one that I feel can move soon.

If IOSTBTC can remain above EMA10, it has good potential to break to the upside when the breakout comes. EMA100 (0.00000084) is the barrier to break.

If instead IOSTBTC moves lower and closes below EMA50 (0.00000083) it will move lower to test the next support.

All the details are shared on the chart.

Thanks a lot for reading.

This is Alan Masters.

Namaste.

This is not a piece of trade advice.
If you decide to trade use a stop-loss.