Long
IOST
IOST describes itself as an “ultra-fast,” fully fledged and decentralized blockchain network and ecosystem with its own nodes, wallets and based on the “next-generation” consensus protocol dubbed “proof-of-believability.” Anyway, IOST were in a downtrend from the beginning, then IOST broke the downtrend line, made a pullback on it, and went up. It seems this behavioral pattern is about to repeat, and another upward wave might unfold. Let's see what happens.
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So, as it turned out, IOST is moving in a big flat triangle pattern. IOST reached the bottom, then started an upward wave which is approaching the first target; the horizontal resistance area in the middle of the triangle. Let's see what happens.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.