#iousdt Technical Analysis
*Chart Patterns*
1. Ascending Triangle: Broken on October 24, indicating potential uptrend
2. Falling Wedge: Forming, indicating potential reversal
3. Higher Low: Formed on October 24, indicating potential trend reversal
*Technical Indicators*
1. Relative Strength Index (RSI): 38.5 (neutral)
2. Bollinger Bands:
1. *Upper BB*: $2.05
2. *Lower BB*: $1.69
3. *Bandwidth*: Expanding
3. Moving Averages:
1. *50-Day SMA*: $1.83
2. *200-Day SMA*: $2.31
3. *Golden Cross*: No
4. MACD:
1. *MACD Line*: 0.025
2. *Signal Line*: 0.019
3. *Crossover*: Bullish
5. Volume:
1. *24-hour Volume*: $66,323,324
2. *Volume Trend*: Increasing
*Candlestick Patterns*
1. Hammer: Formed on October 24, indicating potential reversal
2. Doji: Formed on October 23, indicating indecision
*Support and Resistance Levels*
1. *Support Levels*: $1.75, $1.65, $1.55
2. *Resistance Levels*: $1.90, $2.00, $2.10
*Long-term Analysis*
1. IO/USDT has been in a downtrend since June 2024
2. Price has broken below 200-Day SMA, indicating bearish trend
3. RSI has been in oversold territory, indicating potential reversal
*Short-term Analysis*
1. IO/USDT has formed a higher low on October 24
2. Price has broken above 50-Day SMA, indicating bullish trend
3. MACD crossover indicates potential uptrend
*Recommendations*
1. Buy: $1.75-$1.80 (support level)
2. Sell: $2.00-$2.05 (resistance level)
3. Stop-loss: $1.65 (support level)
*Disclaimer*
This analysis is for informational purposes only and should not be considered investment advice.