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ryguychey

Short term 30% to 60% (potential long term hold)

ryguychey Uppdaterad   
BITTREX:IOPBTC   None
Trend Analysis Chart Patterns
8
1
trendanalysis chartpattern
You can see IOP forming a pennant going into the Hydra Token Airdrop which started on Jan 1 and goes through Jan 7. Once it breaks back above the cloud we should have confirmation of the move.

I believe IOP has great long term potential so I will update the trade after the second target is reached depending on what I see.
Kommentera:
BTC's run earlier today had a negative effect on the breakout but not crippling, just a minor delay. Watch BTC price in correlation with IOP, if BTC pumps most alt coins will likely dump.

I'm still bullish on IOP, support seems to be holding well
Kommentera:
Well, BTC pump killed this TA. Holding, still, as I know IOP has much higher long term potential. Wouldn't be surprised if it rebounds in a few days
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