IoTeX (IOTXBTC) hit a peak back in early October, went on a retrace and it has been consolidating since.
The retrace for the last bullish wave hit below 1 Fib. retracement support and now is trading at 0.786 Fib (0.00000050), this is also marked by EMA10.
If IOTXBTC can be conquered the 50-52 satoshis, EMA10 and EMA50, it can easily move higher. The next target is set at 100% of profits.
This is just a quick analysis, additional details can be found on the chart.
Make sure to have a plan/strategy if you decide to trade.
This is not financial advice.
Namaste.
The retrace for the last bullish wave hit below 1 Fib. retracement support and now is trading at 0.786 Fib (0.00000050), this is also marked by EMA10.
If IOTXBTC can be conquered the 50-52 satoshis, EMA10 and EMA50, it can easily move higher. The next target is set at 100% of profits.
This is just a quick analysis, additional details can be found on the chart.
Make sure to have a plan/strategy if you decide to trade.
This is not financial advice.
Namaste.
Note
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🚨 Long-term Financial Success Available » Make The Right Choice » Join NOW! 👉 lamatrades.com (Since 2017)
🥇 9999% Results
t.me/masteranandatrades/5935
t.me/anandatrades/971
🏆 FREE Trade-Numbers
anandatrades.com
🥇 9999% Results
t.me/masteranandatrades/5935
t.me/anandatrades/971
🏆 FREE Trade-Numbers
anandatrades.com
Related publications
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.