IOST - the run before big announcement
Updated
IOStoken has an announcement that is scheduled for tomrorow, the 9th. I won't play the speculation game here and try to guess what the announcement is but the CEO has been spending quite some time in Korea. Is it a new partnership? A new exchange? Who knows, only time will tell. A rising wedge is depicted in my graph and I believe we'll retrace back a bit to the 480s before finishing off point E of the wedge before taking off. My target pre-announcement is around 600 sats. There will no doubt be a dip prior to the release of the news, and depending on the news... IOStoken can skyrocket or dump hard if the news does not match the hype. Regardless, IOS is a longterm investment for me so small price fluctuation will not matter much.
This is not investment advice, this is just my take on IOS token. Happy investing all.
This is not investment advice, this is just my take on IOS token. Happy investing all.
Note
Unfortunately news was not received well by the community, even though locking up 35% means less total supply. Less total supply would inherently increase the value of the tokens during to less circulating coins. It's a shame the community was speculations impossible things such as a partnership with apple, but I cant blame them given that IOSt team used a picture of Apple's CEO. Regardless this is a long term position so any short pullback is not concerning for me.
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