ANALYSIS 🔎 - IOST/BTC hit a swing high (@0.00000150) and retraced for a retest of the key fibonacci retracement zone (0.5 - 0.618 - 0.786). - There was a relatively high concentration of buyers at the retest zone. - The retracement was resisted by the descending trendline resistance. - Price brokeout above the descending trendline resistance. - This is a bullish signal. - Price action is printing an pennant pattern. - There's a breakout potential.
BUY ENTRY ⬆️ - Market entry: current market price. - Stop limit entry: breakout above the pennant pattern's horizontal resistance. - Limit entry: test of the pennant pattern's inclined support.