IOSTUSDT, needs to break resistance-next-growthHello my friends. Like always everything is clear on the chart for you, So keep your eyes on the circles. If the price breaks and fix the fib 0.61, the targets will be activated. Good luck.
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Market insights
Short-term correction in the descending channelIn case of breaking the current channel ceiling and proving the 1-hour price above the Fibonacci range of 0.618, it can reach the set price targets in the short term, and in case of a fall, the possibility of correction up to the range of 0.05
tp1:01
tp2:0.13
IOSTUSDT analysisEven though we can see there was a big movement several days ago in IOSTUSDT, it doesn't mean IOST/USDT has broken out from the huge and long bearish highest price trendline. So to make sure that IOSTUSDT has entered bullish market, IOSTUSDT must be pushed higher than the trendline (Break out). After IOSTUSDT break out from the bearish trendline, it can be expected that IOSTUSDT can reach the highest price from IOSTUSDT (ATH) and continue bullish after some percent of retracement. That's my opinion for IOSTUSDT. In conclusion, IOSTUSDT is in a bullish trend, but if you want a huge movement in IOSTUSDT to ATH, then you must wait IOSTUSDT to break out from trendline. If you have other insight please share with me in comment section. Critiques are welcome too.






















