IOST - Possible bullish wedge

IOST had some bullish momentum in the last trading session and now seems to be accumulating. The chart suggests a kind of a possible cup and handle (retracement should have stopped at 0.618 ideally). If it breaks out of this downward trend line, I believe the wedge structure may play out. My initial target for profit taking if this works out would be around 0.12 - 0.14.