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IOST / TetherUS PERPETUAL CONTRACT

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IOSTUSDT.P trade ideas

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.
by dumantri