IOST describes itself as an “ultra-fast,” fully fledged and decentralized blockchain network and ecosystem with its own nodes, wallets and based on the “next-generation” consensus protocol dubbed “proof-of-believability.” Anyway, IOST were in a downtrend from the beginning, then IOST broke the downtrend line, made a pullback on it, and went up. It seems this behavioral pattern is about to repeat, and another upward wave might unfold. Let's see what happens.
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So, as it turned out, IOST is moving in a big flat triangle pattern. IOST reached the bottom, then started an upward wave which is approaching the first target; the horizontal resistance area in the middle of the triangle. Let's see what happens.