IOST BTC keeps going down -- the chances of a full reversal / recovery are looking slimmer by the hour.
I've sold all of the IOST I had already at a small loss, I'm predicting that the price will drop by another 10% in the next 24 hours, following this channel.
As said on the chart, I wouldn't even short trade this unless every indicator you're using is strongly suggesting an opportunity.
Possible breakout incoming
Forming a symmetrical triangle, RSI is indicating that IOST is slightly overbought right now so I'm projecting downward movement - but there's potential short term gain if it breaks to the upside.
It appears that there has been a break through. Strong signals from the Ichimoku Cloud indicating a price increase. It broke through the cloud but is hovering at the upper pitchfork resistance.
Serious potential for a reversal on IOST BTC. Watch the 660 satoshi resistance level, it it breaks through that's a fantastic sign --- otherwise it's going to form a double top and likely crash quite a bit further.