IOST

IOST has held a bullish trend throughout quarter one. A failed attempt to break resistance in mid-February has resulted in a month-long consolidation period under resistance.

So far, the price has found support at the EQ of an underlying weekly level. A recent bullish impulse from this support met with resistance again but did print a higher high - preserving the bullish trend.

Potential support at the intersection of the bullish trendline and the underlying resistance may provide an entry for traders anticipating bullish continuation.

This intersection should occur around the time that the “secret weapon” is released. This “secret weapon” may provide the incentive for bulls to break through resistance to continue the uptrend.