#IO/USDT#IO
The price is moving in a descending channel on the 1-hour frame and is sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 1.45
We have a downtrend and the RSI indicator is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 1.48
First target 1.57
Second target 1.70
Third target 1.83
Iotx
IOTX ANALYSIS📊 #IOTX Analysis
✅There is a formation of Descending Channel Pattern in 3d chart with a breakout🧐
Pattern signals potential bullish movement incoming after the confirmation of breakout and a small retest📉
👀Current Price: $0.04400
🚀 Target Price: $0.08060
⚡️What to do ?
👀Keep an eye on #IOTX price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#IOTX #Cryptocurrency #TechnicalAnalysis #DYOR
IOTXUSDT Bullish Channel!IOTXUSDT technical analysis update
IOTX price is breaking the descending channel's resistance line on the daily chart. The price has been trading inside the channel for the last 215 days. Now, it is moving towards the descending channel's resistance line for a potential breakout. Once the breakout is confirmed on the daily chart, we can expect a gradual bullish move in IOTX.
Regards
hexa
IOTX buy/long setupAfter the drops it has had, it has formed a bullish iCH on the chart and then shows bullish signs by creating higher Ls.
By maintaining Demand, it can move towards TPs.
TPs are marked on the chart.
Closing a daily candle above the invalidation level will violate the analysis.
Note that the financial market is risky, so:
Do not enter a position without setting a stop and capital management and confirmation and trigger.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
Alikze »» FIL | Complementary scenario of correction wave 2🔍 Technical analysis: Complementary scenario of wave 2 of super cycle
- In the analysis presented in the previous post, after reaching the range of 6.25 in a short-term ascending channel, a bearish reversal candle was encountered.
- According to the structure of this correction in the form of a 5-wave zigzag, it can be a correction in the form of a 2-wave correction of the entire previous upward wave.
- Therefore, if this wave ends in the green box area and meets the demand, we should wait for a return cycle to the red box area (supply area).
- If this reversal can break the zone after a short correction in the form of wave 3 ascending super cycle and stabilize above the zone, we will have the scenario of wave 3 ascending super cycle, which further updates will be provided subsequently.
⚠️ In addition, if this amendment enters the range of invalid level, this scenario will be invalidated and should be reviewed and revised and the scenario of the second behavioral movement should be replaced.
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#IOTXUSDT Poised for Major Breakout: Key Levels to WatchYello, Paradisers! Could we be on the brink of a game-changing breakout for #IOTX? Let's look at the latest analysis of the #IOTXUSDT and see what's happening:
💎Our analysis indicates that #IOTX is currently navigating a descending channel on the daily timeframe, with the price closely adhering to the trendlines. Recent market movements hint at a potential breakout due to improving market sentiment.
💎Currently, #IOTeX is approaching a critical support zone between $0.037 and $0.040, a key area filled with liquidity. This zone could serve as a springboard for a breakout above the descending resistance line, signaling a possible trend reversal in line with our bullish outlook.
💎A bounce from the major support zone at $0.037-$0.040 could ignite an upward rally. Watch for strong buying interest here.
💎If the liquidity at the major support zone isn't enough, we might see a move down to $0.031. A strong buying response at this level could still spark a bullish run for #IOTXUSDT.
💎However, if both the major and lower support levels fail, SEED_DONKEYDAN_MARKET_CAP:IOTX might face increased bearish pressure, possibly leading to further declines.
As always, stay sharp and manage your risk.
MyCryptoParadise
iFeel the success🌴
IOTX coin, highlighting the head and shoulders pattern and...Analysis of IOTX Coin: Head and Shoulders Pattern
Current Pattern:
The IOTX coin is currently exhibiting a head and shoulders pattern, which is a classic bearish reversal signal. This pattern consists of three peaks: the middle peak (head) being higher than the two outer peaks (shoulders).
Resistance Level:
We are now approaching a key resistance level. If the price gets rejected at this resistance, we could see a continuation of the bearish trend.
Potential Scenario:
• Bearish Reversal:
Given the head and shoulders pattern, if the price fails to break above the resistance, it is likely that we will see a bearish reversal.
• Price Target:
Should the price get rejected from the resistance, the first support level to watch is the neckline of the head and shoulders pattern. If this level is breached, the next significant support level would be the lower bound from recent price actions.
Summary:
• Pattern: Head and Shoulders (Bearish)
• Resistance Level: Current price level, acting as a neckline.
• Support Levels:
• Initial Support: The neckline of the head and shoulders pattern.
• Further Support: Lower historical support level from recent price actions.
Trading Strategy:
• Monitor the Resistance: Watch for price action around the current resistance level.
• Potential Rejection: If rejected, look for the price to move towards the neckline and potentially lower support levels.
• Stop-Loss and Take-Profit: Consider setting stop-loss orders just above the resistance level and take-profit orders around the support levels.
Conclusion:
The IOTX coin is showing signs of a bearish head and shoulders pattern. Caution is advised as the price approaches the resistance level. If rejected, prepare for potential downward movement towards the initial support level and beyond.
This post should effectively communicate your analysis and trading strategy for the IOTX coin based on the current head and shoulders pattern and the potential rejection from the resistance level.
When trading IoTeX (IOTX) or any cryptocurrency, be cautious. All trades are made at your own risk and responsibility. Make sure to thoroughly research and consider your financial situation before making any decisions. BINANCE:IOTXUSDT
IOTX Weekly Chart AnalysisHello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
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Now, let’s dive into this chart analysis:
#IOTX is under a symmetrical triangle pattern, breaking down below the 50 EMA. The price is in a downtrend, suggesting a further 35% to 40% drop from the current market price (CMP).
If IOTX breaks above the resistance trendline, whether from the CMP level or after reaching the mentioned support, it will create a bullish sentiment and a 5x to 10x rally can be expected.
The lower support level at $0.013 will still hold the fall if we see a breakdown below the triangle.
- CMP: $0.03712
- Primary Support: $0.024
- Lower Support: $0.013
- Primary Resistance: $0.0628
- Long-term Target: $0.263
DYOR, NFA.
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Alikze »» TRAC | Pullback to Neckline🔍 Technical analysis: Pullback to Neckline
- The 8H and 12H frames are moving in a downtrend.
- Given the descending faithful, the return of the descending canal can be the broken structure to continue the descending route.
- If the money is on the line and cannot penetrate it and cut down the descending channel, it can continue the downtrend in the first step to 0.5859.
💎 Possible Scenario: Depending on the structure and behavior as well as the descending faithful, the scenario can be achieved until the green box and liquidity range can be achieved.
💎 Alternative scenario: Also, if it can cut the supply range and channel ceiling, it can test the next supply zone, which must have a stabilization top.
🛑 Resistance range: 0.83 - 0.805
🟩 Support range: 0.488 - 0.537
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Alikze »» LPT | Pullback to the broken ceiling🔍 Technical analysis: Pullback to the broken ceiling
- In the 4H, 8H time frames, it is moving in an ascending channel.
- It is currently in the middle of the channel above the green support box area.
If it stabilizes above this area, it can continue up to the supply area and the ceiling of the growth channel.
💎 Alternative scenario: If the green box is broken, it can have a correction to the bottom of the channel with targets of 20.36 and then 18.75.
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(IOTX) iotex In only a matter of five to six minutes this huge 15% candle was depleted on IOTX. How is that possible? How would other parties know as soon as it happened to sell on that candle? Was it internally? Was it an outside force? I'm baffled by how fast this candle was reduced. Why not add to the value rather than reduce?
This is purely greed for the sake of greed and I don't like the look of it.
IOTX looks a rocketWe seem to be inside a large diametric.
We now seem to be in wave D of this diametric.
Wave D looks like a normal contraction triangle.
We are looking for buy/long positions on the green range.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Alikze »» IOTA |Pullback to dynamic trigger is brokenAccording to the previous analysis , he was able to touch the first supply area of the 0.43 range with the flag pattern.
💎 But now in the 4H time, after exiting the density and breaking the dynamic trigger, it can now touch the specified areas and also the first supply area with the support of the green box area.
💎 Alternative scenario: if the green box is broken, the correction can be extended up to the Fibo range of 1.272.
🟩Sup: 0.2075 ~ 0.2136
⛳️Tp 1:0.2320
⛳️ Tp2 : 0.2441
⛳️ Tp3 : Red Box
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Alikze => IOTX | Pullback to broken supply areaIn the previous post, it was mentioned about the movement of the currency in the weekly time. In this post, it is moving in a medium-term ascending channel in daily time. After the high strength failure of the supply area, pullback to the broken structure is currently being completed. Therefore, it is expected that this pool will be completed in the green box area, and in the first phase, it will be supplied to the next area, and after its failure, it will be able to grow to the next area. If the behavior and structure of the post changes, it will be updated.
🟩Sup: 0.04880
⛳️Tp 1:0.07940 ~ 0.08550
⛳️ Tp2 : 0.14045 ~ 0.15067
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Alikze »» JASMY | Ascending channel🔍 Technical analysis: Ascending channel
In daily time, 1D is moving in an ascending channel.
💎 According to the pullback to the broken structure and the major roof, this upward movement can continue until the next area and the roof of the channel.
Considering that it is currently in the middle of the channel, the candlestick above the area reinforces the bullish structure.
💎 Alternative scenario: In addition, according to the trading node in the range of 0.024414, which is also around the bottom of the channel, in case of a break, the correction zone can continue until the liquidity zone.
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Alikze »» STRK | Move to the roof of the descending channelIn the 4H time, after a mixed correction, it has reached the $1 range, after which it has faced demand.
💎 It is currently moving in a downward channel.
According to the current momentum in the region, the current demand is suffering.
In the next step, it can continue to grow up to the supply area and the ceiling of the channel, which is a dynamic trigger.
💎 If it breaks the supply zone, it can fill the FVG gap in the 4H time frame. Therefore, if you fill the gap and pullback to the broken structure, the next target will be the next supply area.
💎 Alternative scenario: If the demand area breaks downwards, which is also in the midline of the channel, this correction can be extended and extended to the bottom of the channel and the origin of the OB movement.
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Alikze »» ONDO | Trading range !!In time 12H, it is moving in an upward channel, which has had several positive reactions to the bottom of the channel or the dynamic trigger, which has caused the price to jump.
💎 Currently, it is suffering in a resistance and support area, which is currently in the middle of the channel, which can retest the resistance or supply area if it is supported in the first green box area.
💎 But if it breaks this range in dealing with this support, it can face further correction and this correction will continue until 0.58 and then the next node of the support zone.
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(IOTX) iotex; blockchain - layer 1 IoTeX blockchain imagined Elliott Wave pattern; end of run? Time for a continuation? I tend to lean on the side of Elliott Waves need to be much larger in timeframe than people tend to--. I think this could be right but then again I don't have the money to move markets like some people, groups, and infrastructure do, so this is still speculation.
IOTX/USDT Show a bounce from the support, Indicating reversal!💎 Paradisers, #IOTX has recently experienced significant market dynamics, exhibiting a bounce from the support area.
💎 A breakout from the current pattern could probability signal a bullish reversal, propelling the price upward toward the strong resistance area.
💎 However, if #IOTX fails to breach the resistance trendline and remains in consolidation around the support area, this could indicate weakness in the bullish momentum. In such a scenario, there's a possibility that #IOTX might break below the support level and continue its downward trajectory toward the lower support around $0.048.
💎 In the event of a breakdown, it's crucial for #IOTX to bounce decisively from the $0.048 support level, as it represents a critical area for maintaining bullish momentum. Failure to bounce and reclaim the price above the $0.07 support area could result in further downward movement.
IOTX/USDT Ready to Reclaim its Recent Top? 👀🚀IOTX Analysis💎Pay attention, Paradisers! #IOTXUSDT is creating buzz, gearing up for a bullish shift from the pivotal support at $0.062.
💎If SEED_DONKEYDAN_MARKET_CAP:IOTX can hold its momentum at this mark, there's a strong likelihood of embarking on a bullish journey, echoed by the price's historical reverence for this level on three occasions, solidifying it as a robust support.
💎However, if the upward trajectory of #IoTeX starts to diminish and breaches below the $0.062 support, we'll turn our attention to a lower demand zone at $0.056. With significant liquidity poised at this level, we expect a necessary descent to this more probable zone for a rebound.
💎Maintaining alertness is crucial: a fall beyond this subsequent support could signal a more pronounced bearish trend as the market sentiment shifts towards a sell-off. Stay vigilant, traders, as we navigate the unfolding dynamics of the #IOTX market.