The small cup and handle target price happens to match up perfect with the rim of the larger cup (ATH). If it pans out the way I think it will, we could see +100% in the next two weeks.
You can see IOP forming a pennant going into the Hydra Token Airdrop which started on Jan 1 and goes through Jan 7. Once it breaks back above the cloud we should have confirmation of the move.
I believe IOP has great long term potential so I will update the trade after the second target is reached depending on what I see.
As long as it holds this line for another hour or so we should be good to exit the 1 hour cloud without breaking support. Then there is a good window to break positive.