IOSTBTC Expected decrease and bounce

At the 1-hour timeframe chart it can be seen that a straight Head & Shoulders pattern has been formed and a half of bearish XABCD too.

Technical indicators are also bearish: Stoch RSI is going to hit overbought zone, while DMI shows low, while moving averages suggest a further reverse.

We recommend to fix profit from this bounce around 0.00000128 and rebuy again at 0.00000117

Kommentera:

The price touched the buying zone we mentioned in the previous analysis and bounced. We expect a wave growth to our targets in the short term