IDEAOLOGY bottomed! +750% profit opportunity on cyclical pattern
IDEAUSDT saw almost +50% gains in the last 3 days and that is already attracting investors back into the market. Technically I see a very strong cyclical pattern that shows that the Bearish Phase has bottomed and a rally back to $0.800 is on the cards.
As this 1D chart shows, IDEA has been trading on very distinct cycles which can be accurately viewed using the Sine Waves. The first Top was on May 10 2021, the bottom followed on July 22 2021, the new top came in on November 03 2021 and right now it appears that the new phase hit its new bottom. On top of that the technical support symmetry comes into play as 3 days ago the price hit the 0.0970 Support level which is a zone holding since early 2021. Same with the 1D CCI which is printing a bottom pattern similar to July 17.
On a 3 month horizon, we can expect a strong rally of +750% and a test of the $0.8400 Resistance (November 03 High).
From a fundamental standpoint, the Ideaology team is staying busy with IDO date announcement with World of Cryptoids where traders can participate in the CAC token sale. You can find all about it on their twitter page.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
As this 1D chart shows, IDEA has been trading on very distinct cycles which can be accurately viewed using the Sine Waves. The first Top was on May 10 2021, the bottom followed on July 22 2021, the new top came in on November 03 2021 and right now it appears that the new phase hit its new bottom. On top of that the technical support symmetry comes into play as 3 days ago the price hit the 0.0970 Support level which is a zone holding since early 2021. Same with the 1D CCI which is printing a bottom pattern similar to July 17.
On a 3 month horizon, we can expect a strong rally of +750% and a test of the $0.8400 Resistance (November 03 High).
From a fundamental standpoint, the Ideaology team is staying busy with IDO date announcement with World of Cryptoids where traders can participate in the CAC token sale. You can find all about it on their twitter page.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.