IOST has been forming a falling wedge pattern over the last three weeks or so. Classically speaking, a falling wedge often indicates that a bullish break-out is at hand. During yesterday's BTC gains this break-out has finally happened. This trade is based on the idea that the bullish break-out will cause a new period of gains for IOST.
Seeing the current H1 bar this could well be a fake-out. Place your entry accordingly.
Happy trading!
Seeing the current H1 bar this could well be a fake-out. Place your entry accordingly.
Happy trading!
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