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.
Kommentera:
As shown, IOST bounced of 58 sat and currently is at 77 sat
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Resistance is @ 80 sat, if broken, 104 is not far away
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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.
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Breakout has happened and has established symmetric triangle on 1H chart, which might see upward price continuation.