IOStoken bottomed out near $0.016, after which the uptrend begun. Price broke above the 50 Moving Average as well as the downtrend trendline. IOST/USD continues to steadily climb up while rejecting the uptrend trendline.
Fibonacci applied to the first corrective wave down after the breakout of the Moving Average shows that IOStoken has rejected 227.2% level,...
If it plays out, you could invest in it already... while BTC is stagnant, this could play out.
If it is resistant like ONT, for sure... it is of-course a guess !
Depends of the interest of the people and the seriousness of the first investors/hodlers
A coin which already made 2.5 X in 20 days... and just started it's real uptrend.
Could this be a duplication of a succesful running up like ONT (Ontology) ?
Hope so !
Spike in volume confirmed the inverted Head and shoulders pattern, what is next is a break out from this weeks old descending bullish pennant. GET ON in time ! I'm yet to establish target for the long term but this is a great ground floor opportunity IMHO. All the best, love Captan Furry
