Breakout of Descending triangle pattern in IOTEX* After a huge bull rally IOTEX formed a Descending triangle pattern in 2H hour time-frame.
* IOTEX breaks the support of the descending triangle and is retesting the same level.
* The 50 EMA is now moving above the price as resistance.
* After a proper retest we can expect a drop till $0.05900.
Iotx
IOTXUSDT LongIotex broke the previous high at 0.075 and made a new high at 0.150.
It perfectly made a 61.8% retracement and tested back the previous high level range.
RSI is at healthy level. The next leg up will be a 3rd wave extension of 100%-161.8% to reach somewhere close to 0.250
Trade Setup:
Entry price: 0.075
Target: 0.20-0.27
Stop Loss: 0.045
RR: 8x
Profit: 300%
SWING TRADE - INTRADAY IOTXUSDT - LONG POSITION!!!FUNDAMENTALS!!!
Starting as an open-source project in 2017, IoTeX has built a decentralized platform whose aim is to empower the open economics for machines — an open ecosystem where people and machines can interact with guaranteed trust, free will, and under properly designed economic incentives.
Therefore, this coin is one of the most powerfull coins to those who understands tech business. And guess what!!! Techies does have a lot of money to invest, hence, market cap of this coin will increase pretty soon and because of limited circulating supply it's value will sky rocket very soon(this makes this coin very good for long term holding).
TECHNICALS!!!
IOTX has enjoyed last 3 days alot and remained in the limelight of strong gainers, It's RSI remained above 90 for past 3 days, but since last 6 hours RSI has droped but price is still have not droped drastically, it means that investors belive in this project. We are estimating this downtrend is just a retracement for and wave to come in very near future. Indicators indications are as below;
a. 1hour time frame - RSI is showing below 30 making this coin value undersold. Potential reversal will happen. And this reversal will be very short lived.
So, Entry and exit points on the Chart!!!!!
Best of Luck.
LONG IOTX/USDTIOTX has recently been listed on Binance and so far it is doing great. Here is your chance to get your hands on IOTX.
Enter $0.09694 to $0.1
SL: $0.09413
Targets:
$0.10469
$0.11157
$0.11766
Do accumulate and hold on to your SL. 10% to 20% profit is on its way.
Note: This ain't financial advice. I have done my own research and trading at my own risk. So, do your own research before taking this trade.
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Thanks.
IoTeX (IOTX) coin formed bullish Gartley for upto 45.5% moveHi dear friends, hope you are well and welcome to the new update on IoTeX (IOTX) coin.
Previously we had a nice trade of IOTX:
Now on a very small time frame 2-hourly time frame chart, the priceline of IOTX has formed bullish Gartley pattern.
IOTX ready to break fib resistance as volume is backInterest is back as volume oscillator showing spikes at resistance .
get ready to buy the break (have tight entry exit idea, as fake-out can be fatal)
Retesting ATH is highly possible, so DCA buy sell carefully.
if it didn't break resistance it will be likely to heading support for retest.
Good luck
IOTXUSDT🌟a great coin to have in your bag of coins, great potential to lead the market in its own category services
🌟the chart break the trend line as a dynamic resistance and is forming for a bullish start
👉This idea has the confirmation of "advanced price action" 👍
👉For more information don't be shy and get in private chat of trading view 👍
👉Hit share and spread the information in public chats or your twitter for everybody to get profit 👍
WE DID THIS ALSO WITH DOGE AT 0,04 AND NOW ON IOTX TO THE MOON!Hello trading friends,
We did the same as we did with doge here below at 0,04
# the same update are now on IOTX, and doge did shows before same signals with whale DCA effect, as IOTX shows now
its only about time before IOTX increase with 100% + to the moon with 0,10+ Target.
As always we have to say it more times, and this not for no reason. time will learn why we did update about iotx. know that also in breakdown trend of bitcoin this sleeping giant can moon.
🔥 IOTX Potential Channel Reversal Just like the overwhelming majority of cryptos, IOTX has seen a strong bearish move lately. However, it appears that IOTX has found some support at the lower trend line of the channel, for now at least.
With BTC not seeing a lot of bullish price action at the moment, alts are not really reversing yet, apart from a select few.
Before taking this trade I adivise to wait patiently for BTC to reverse with some confidence, higher highs and higher lows for example.
Happy trading!
EXPECTING Coming time Huge increase IOTX - WHALE INTEREST 0,10+Hello trading friends,
Depending on whale data, it shows IOTX is a golden choice by DCA trend - we expecting that's it's only about time before IOTX will breakout to 0,10.
IOTX can show unexpected whale candle as it did before - and since whales holding it with dollar avenge we expect soon a possible increase to 0,10+.
All the spot coin we did add before did increase into the whale trend also BCD from 2.40+
What means this update?
it means we expect into short term a breakout on IOTX to 0,10+