$IOT - RC -
Added 2023-10-13 14:11:28 +0000 UTC$IOT IPO'd at the end of 2021 and usually what we see on these new charts is that they open with a corrective wave and $IOT is no different.
It is also trading within the blue line range too.
It has both double bottoms and double tops here, solidifying the range further.
I can see 5 waves up since the start of this year and this is usually followed by another ABC correction when the price continues to move sideways, which is what we are in now.
The bulls need this to break above $31.50 to get out of this channel.
