đź’Ž IOST has broken out of a resistive trendline and formed an inverse head and shoulders pattern, signaling a potential bullish move. The presence of CHoCH further reinforces this bullish sentiment.
đź’ŽIf IOSTUSDT manages to break above the resistance level, it could indicate a continuation of the bullish trend. Conversely, if the price experiences a pullback, traders may anticipate a bounce from the demand area. Confirmation of this bounce could be sought through the formation of a bullish engulfing candlestick pattern.
đź’ŽHowever, if the price breaks below the demand area, it may be wise to avoid trading IOST at that time, as it could signify a shift towards bearish sentiment in the market.
đź’ŽIf IOSTUSDT manages to break above the resistance level, it could indicate a continuation of the bullish trend. Conversely, if the price experiences a pullback, traders may anticipate a bounce from the demand area. Confirmation of this bounce could be sought through the formation of a bullish engulfing candlestick pattern.
đź’ŽHowever, if the price breaks below the demand area, it may be wise to avoid trading IOST at that time, as it could signify a shift towards bearish sentiment in the market.
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Declinazione di responsabilitĂ
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.