Long

IOST 4H timeframe

Updated

Just and idea. On 4H timeframe IOST has entered falling channel and has established HH and has bounced of the LH. Buy price 58-59 sat, sell price 104 sat. Not financial advice.

Note

As shown, IOST bounced of 58 sat and currently is at 77 sat

Note

Resistance is @ 80 sat, if broken, 104 is not far away

Note

Falling wedge has been established from yesterday's 80 sat resistance. Possible down price is 73 sat. With dynamics of the wedge, breakout (down or up) is possible by tomorrow.

Note

Breakout has happened and has established symmetric triangle on 1H chart, which might see upward price continuation.

Coddy_M

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