IOST / USDT Price Action Analysis

Hi traders,

This will be a very quick and simple chart on IOST

Now, how has the price for IOST been performing?

Well after reaching an all-time-high level on February 19th, IOST/USDT started to correct the gains towards a key pivot level shown here in orange.

-However, the launch of mainnet could create another spike towards last week’s highs or perhaps even higher. with the supertrend indicator we can clearly see the corrections and support.

-The pair has been enjoying a healthy uptrend on the daily chart, above the Ichimoku Cloud, so if the mainnet launch goes smoothly, the choppy corrections could provide a buying opportunity.

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