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đŸ”„ IOST Falling Wedge Break-Out

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IOST / TetherUS (BINANCE:IOSTUSDT)  
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BINANCE:IOSTUSDT   IOST / TetherUS
Trend Analysis Technical Indicators Chart Patterns iosdt usdt BTC Bitcoin (Cryptocurrency) crypto Wedge
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trendanalysis indicator chartpattern iosdt usdt btc bitcoin crypto wedgepattern
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!
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