Home Crypto Crypto Market Analysis Internet Of People – Another Leg Higher?

Internet Of People – Another Leg Higher?

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Internet of People (IOP)

Market Cap: $6.36M

Circulating Supply: 3.53M IOP

Max Supply: 21M IOP

Volume ($199.96K)

1 IOP=$1.81209

 

Internet Of People Price Prediction: IOP/BTC seems undecided right now and maybe you should be very careful because it could start an aggressive move very soon. The direction remains to be seen, that’s why you should keep an eye on this only to see a confirmation.

Price is somehow expected to increase in the upcoming period after the breakout above the downtrend line and above a very important dynamic resistance. Personally, I would like to see a minor consolidation here before I will make a decision.



 

The pair is located right above a major support area and above the lower median line (LML) of the red ascending pitchfork, that’s why it should climb higher as long as it will stay within the ascending pitchfork’s body.

The false breakdown below the lower median line (LML) could attract more buyers, which will drive the rate towards fresh new highs. You can see that the rate has failed to retest the broken downtrend line, signalling that the bulls can take the lead again.

It has also failed to reach and retest the 0.00016832 static support, that’s why we could think of another bullish movement. The next upside target will be at the second warning line (wl2) of the descending pitchfork, it could also be attracted by the 50% Fibonacci line and by the median line (ML).

Conclusion

We may have a great buying opportunity after a retest of the LML or after a failure to retest this dynamic support. You can place your Stop Loss somewhere below the LML and below the 0.00016832 static support.

 

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