Iotx
IOTX : LOW TIME FRAME INTERESTINGIOTX is a cryptocurrency that has recently shown interesting price action according to a new study. The study looked at a low time frame and found that IOTX has the potential for an increase in value. However, it is important to note that the cryptocurrency market can be volatile and there are no guarantees when it comes to the value of any particular coin. It is always important to trade safely and to do your own research before investing in any cryptocurrency.
We will follow the trend of IOTX to see if there will be some chances of a breakout.
It's a high chance if the coin does not show the effect you have always SL, and if it shows the effect it would be great depending on the study.
The scan of this coin is made from 100 coins.
This is not trading advice as we base it on the high-chance trading.
🚀IOTX : THE WEEKEND CHANNEL COIN!We close this trading week with this nice Weekend coin IOTX.
From Monday there will be more updates.
High volume trend on difference levels.
Expecting targets$ 0,05
In the case of a breakout of $0,07
We have seen that this coin had previous breakouts with some same patterns as now before the trend did increase]
There is no a must that it should increase directly, as the trend going slowly, it's about that it has a high chance of a breakout.
Manage always risk in crypto markets as there are no guarantees.
Good weekend
IoTeX Longterm TF Analysis (Bottomed Out=145% Bullish Potential)Good evening my fellow crypto-trader, I hope you are having a wonderful day.
Let's look at IoTeX (IOTXUSDT) on the weekly timeframe together...
We start with the major downtrend marked on the chart.
This downtrend has been broken.
Notice the long lower wick candle on the week of 9-May.
This wick sets the low.
We have a -9 on the TD Sequential after the low candle and then a higher low, signaling that the bottom is being formed.
After almost 2 months of consolidation, a bullish breakout shows up...
This is our signal.
Based on the above information we can expect additional growth.
145%+ mapped on the chart.
Note: The 9-May low can be used as the stop-loss.
Namaste.
#IOTEX $IOTX testing resistance, more upside coming?iotx has been testing the 4h resistance level around $ 0.0255
if we see a good breakout from the one, with good volume , and a good retest, we can set a long order with $ 0.029 as the target (following 4h resistance) and something around $ 0.023 as the stop loss, which is just below the swing low, which could act as new support and bring the price back up on a retest
let me know what you think about this idea and if you are planning to enter on this trade + like and follow for more ideas
Short IOTXIOTX had increased almost 40% since its fall (along with BTC) on 13th June.
It has shown some signs of weakness, mainly the decreasing volumn as price rises.
On 4H TF, its has broken the trendline. The so did the RSI.
Retest of trendline is possible before going down again.
As usual, some proposed resistance and targets are in chart.
IOTX/USDT: On Buying area, Direct rise expected---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------
IOTX/USDT: On Buying area, Direct rise expected
Context
- The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital assets IOTX suffered about negative global market situation
- However we are focus on a key buying area now on this coin and we expect a fast and quick recovery regarding technical element
Market configuration
- Graphical Elements :
Graphical Resistance = 0,081 & 0,2610
Graphical Support = 0,025 & 0,01280
- Mathematical Indicators:
EMA ( Exp Moving averages) are still capping the market = Bearish
RSI indicator (below) is bouncing off key support = Bullish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target (c) (B) has been already reached = 0,2830
Fibonacci resistance of the wave in progress = 0, 052
Fibonacci support of the wave (c) (B) (max extension) = 0,01280
Fibonacci Bullish Target = 0,081 (auto-similar move)
Conclusion
Preferred case => Regarding the mid-term element, IOTX is offering the perfect entry area for a mid-term portfolio configuration in order to anticipate a bullish exit towards 0,052 and 0,081 as long as 0,025 remains support - In extension a larger rise towards the previous top at 0,2610 can't be ignored
🆓IoTex (IOTX) Jun-01 #IOTX $IOTX
IOTX has a support zone at $0.038, if it doesn't lose this zone, it will continue to move towards $0.045, $0.55 or even $0.065 this June. The selling force in these areas is not too strong, so the important thing is that the buying force needs to be pushed in. If it loses the $0.038 zone, it will temporarily correct to the $0.032 and $0.026 zone to retest these areas, the future of IOTX is still very bright.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.038$ zone
🔴Buy : 0.038
🔴Sell : 0.045 - 0.055 - 0.065
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.038$ zone
🔵Sell : 0.038
🔵Buy : 0.032 - 0.026
❓Details
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section