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IRIS

#IRIS Bottom Hit, Bounced+Bullish Divergence. 130% Possible!Welcome to this Quick Altcoin Setup. IRIS hit the bottom around 270 sats and bounced. I have seen some strong buying activity in the last few days showing the signs of accumulation. If the next few candle closes above 21D MA it is highly likely that we can see a rally towards 360 level first and then all the way to 400 sats. ENTRY : 285 TO 295 Targets : 365 395 446 486 544 577 679 Stop Loss : 268 Reason I am entering this trade is the SL is very low. Means there is a high reward for a very less risk. If you find it interesting enough you can dig in. Other trade setups are doing well that I recently posted and are above 10 to 15%+ already. Hoping this one to pop up soon. Do hit the like button if you like my updates and share your views in the comment section. STAY SAFE #PEACE
ILong
by Cryptorphic
3
IRIS - a cup of coffee (minus handle)In H4 chart, we observed cup and handle pattern and a possible 34% upside. MACD,Sto,RSI didn’t indicate any bullish signal. We believe the handle pattern will continue building along the channel, before testing resistance @ 0.375. Safer entry is to let the price close above EP price for a smoother upside. EP 0.380 TP 0.425, 0.450, 0.495 SL 0.345 RRR 1:3 IRIS is a heavy stock with large float (50% float of 2970M shares), similar to its close sector competitor DSONIC (50% of 2700M shares), which could signal similar movement of price during sector play. TAYOR
MYX:IRISLong
by sothye
2
IRISnet is at golden Fibonacci ratioHi friends hope you are well and welcome to the new update on IRISnet. This coin had two major events in past. Recent was the binance listing on 21st July and before that IRIS had another big event that was the China Gov integration on 23rd Jun 2020. Now if we watch on the market cap of IRIS coin then since after first announcement the market cap of IRIS is getting increased every day. As we can see on 23rd June it was 15.8 million and now it is increased by 41.8 million. So the market cap IRISnet is increased by 170% in total. The effect of price action: Now if We move to the live daily chart then it can be easily seen that after the first announcement of China Gov integration event the price action rallied by 115% and after 2nd announcement of Binance listing the price action again moved up by 163%. So in total it is increased by 278% since after 23rd June 2020. During this bullish move the price action has crossed up all the simple moving averages with the time period of 25 50 100 and 200. At this time the 100 simple moving average is likely to form a bull cross with 200 simple moving average that can be another a bullish signal that can be really helpful for the next move to the upside. The support of SMA and retracement at golden ratio: Now if we switch to this small-time period 4 hour chart to take a more closer look on the price action. Then it has dropped on the support of 25 simple moving average and retraced up to 0.618 Fibonacci retracement level. That is considered a golden ratio and from here we can expect the next upward move very soon. However, if the price and will be failed to retain this support of 25 simple moving average then it can move more down even up to 25 simple moving average on the daily chart as well. A down channel formation: Now if we switch to the more small time period 1 hour chart. Then it can be easily observed that the priceline of IRIS has started its move within a down channel and it is moving in this channel for last 2 days. Therefore, for the people who want to buy IRISnet here, I would suggest to wait for the breakout from this channel and then place their buying orders accordingly. Conclusion: Even though the IRISnet started its rally based on the strong news. And it has been retraced on the small time period chart upto 0.618 golden ratio. But on the daily chart it is retraced up to 0.382 Fibonacci retracement level. Therefore on the long-term and midterm we can expect some more downward move if it will be failed to retain the support on the small-time period chart. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
I
by moon333
1
IRIS/BTC (Strong Breakout)IRIS/BTC -the last two days of trading, it has pump up to 160% returns -and breaking multiple key levels of resistance -I do not recommend buying at the current price level -as this double candle uptrend is too extended -also, the risk-reward is not in your favor -you do not have a key structure to put a stop loss -wait for the price to consolidate somewhere in 0.5-0.618 fib support area -only buy at this level when there is a reversal sign is established -remember, never FOMO of what you see -plan your trade before you click the button
I
by PolarHusk
Project by Bitcoin Developer? HYPE?FA: Iris, a decentralized social media platform developed by one of the early Bitcoin developers or Sirius as most know him. Fundamentally, it makes sense, the decentralized world is looking for social platforms that it can trust, the question is; Is this the one? TA: Been trading within a S/R & Fib Channel for a little more than a year Would get interesting once it breaks out of this channel Has not dumped against BTC even with BTC dominance upon checking chart correlation Strong test to breakout of the channel if that fails, then a retrace is expected, however, that means the resistance is getting weaker -Megalodon Whales (Rahim) Enjoyed charting this for you all PLEASE LIKE/SHARe and COMMENT on the idea :) HUOBI:IRISBTC HUOBI:IRISUSDT HUOBI:IRISETH
I
by BoSukas
1
DSONIC - An attempt to break the 52WH ATH and beyondIf you follow my posting before, you should realized that DSONIC-WA is one of my long term counter especially post COVID-19 impact. The warrant moves alongside in trend with its mother share thus it has been one of my favorite counter so far. Let's look at its mother share DATASONIC. Datasonic is currently the sole provider of the MyKad since 2012, and is the sole provider of the Malaysian e-Passport since 2016. It is also the personalisation solution provider for Europay, Mastercard and Visa in Malaysia to more than 10 local and foreign banks. Fundamentally, it is a strong e-government company providing services for mykad, e-payment and much more - EPS: 4.42 (Very good) - PE Ratio: 35.07 (OK) - ROE: 20.95 (Very good) - NTA: 0.211 (lower than current price , but normal for technology company to have lower NTA) - Financially a very stable company with consistent positive net profit since 2013. - Shareholding: Mr Chew Ben Ben & Dato Haji Razali has been actively collecting more shares of DSONIC. Coincidence? Let's look at some of the news lingering around DSONIC 1) Since March 2020, Mr Chew Ben Ben and Dato Haji Razali (DIrector of DSONIC) has been actively buying more shares. 2) When the directors/owner of the company started to accumulate more shares, its an obvious sign that there is something positive going on in the company. What is it? Only the CEO knows inside out. Our view maintains that the company has reached the bottom from March 2020 and the only way is up. 3) 21 May 2020: FOCUS media published a news on DSONIC. "DATASONIC to bid for RM500mil i-Kad immigration tender". A card specific for immigrant working in Malaysia. “The i-Kad tender requires the tender company to have experience in providing card supply and software application development and must be a 100% bumiputera company in order to qualify for participation. Therefore, Datasonic meets all the requirements,” he said. Although the deadline submission for the bid is 6th June, we have seen the bidders are having rally especially DSONIC, PRESBHD, SCICOM and IRIS. Based on the news, it was forecasted that DSONIC is qualified being its capability as the sole service provider for IC. Chart wise, we had a good rally last friday to 20% up. Possibility that the price will stays here or rally up until at least 6th of June, but what to worry if you invest in a very good fundamental company?
DLong
by mahsyarsaid