IOTXUSD
IOTX: Correction Then Pump AgainFirst of all, it's important to note that the Binance and Coinbase charts have different prices, in case you were wondering why the highest price is showing as $.49.
As we can see, after a massive 790% pump between 10/27 - 11/4, IOTX has retraced almost near the .786 fib level. I believe we are coming close to finding a bottom soon before heading back up again.
Watch for a break in the trend lines as charted above.
This is not financial advice. These are just my ideas and opinions.
IOTX 3D Attention! Ideal point to drain your depositToday we'll talk about the sensational IoTeX project in recent days. IOTXUSDT price made in less than 4 days +600%.
Such a rapid rise in price was caused by a combination of two news:
1) launch of uTrade v2, a decentralized trading platform with automated market marketing (AMM)
2) listing IOTXUSD on Coinbase PRO
If we missed some important news about IoTeX, or do not know what we are talking about at all, then please correct us in the comments .
But if you look at the graph of the IOTXUSDT pair globally (on coinmarketcap, for example), we will see that the coin for 3 years from 2018 to 2021 was lying around, no one needed, without the slightest signs of life.
Of course, we can assume that the team was actively working, and investors were accumulating it all this time, and only from 2021 the implementation of 3 annual plans began.
But it can also be assumed that now there is a banal manipulation and pump.
We are not hinting at anything, we are not trading the coin, but looking at the IOTXUSD chart, we see that the price hit the upper border of the channel and a rollback began.
Be careful, because the rollback may take longer, and the price of IOTX itself can fall at best to $0.50, and at worst to $0.35
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A visit back to low $0.12 ?Selling pressure seemed strong enough for a pullback to range of $0.12, still very stong and compared the previous move it had with less volume, so still upward momentum could happen if more volume comes in, but before that we need to retest range of $0.12 for support.
👁️🗨️ This is just my opinion, Price doesn't HAVE to agree with it, ALWAYS DO YOUR OWN RESEARCH.
💣 Use stop-loss and be safe.
💥 Follow and like for more updates on IOTX/USDT.
💦 Risk what you can lose.
Hourly RSI above 90, short consolidationSo I mentioned this just hours before the run, fun day :))
On the hourly charts RSI is heated up too much, a short term consolidation is likely, take profit and come back in a couple of hours as comparing the volume to previous runs of this coin shows there is still room for growth. $0.2 is the first target short term.
Good Luck!
IOTXUSDT - How to find a good project?I had a question from one of you about this coin, and decided to show my method of madness on how to find low/micro cap coins to invest in.
Sources of basic information:
www.livecoinwatch.com
coinmarketcap.com
Answer the questions using the above sources:
Who are the founders? (and are they trustworthy with my money) Stalk them! You are about to give them money.
What is the purpose of the project? I personally like protocols (ETH, SOL, AVAX), DEX (Uniswap), and unique utility (Think DOT and LINK)
Is anyone currently working on the project? when is the next update?
Website? You can learn a lot about what is going on with how well the website is built and upcoming milestones.
Technical analysis:
First, I would like to note, that I don't normally just ape into anything even if I think the project is good. I like to watch the price for a period of time to get a grasp of what is a good value buy.
Second, I would look at the chart and understand how much has it moved in the last 30-60-90 days and set a short/long term buy spot. For example here: now looks like a good buy spot and then sell around the $1.8 to $2 mark and wait for the correction. Due to my first rule, I would wait until after the correction.
My Chart Summary:
The chart has a bullish and bearish pattern formed on top of each other. It looks like the bullish Cup and Handle will play out first with a breakout to about $2. Followed by the bearish pattern playing out with a correction down to potentially $1. This whole chart does resemble a Elliot impulse wave with the rising wedge as wave one, first part of the cup as wave 2, second part of the cup as wave 3, handle part 1 as wave 4, and second part of the handle will be wave 5. The final correction to the second rising wedge will form the A-B-C correction post Elliot impulse wave.
Finally:
Technical analysis is nothing more of a possible solution to the current snapshot in time shown on the chart. Many things can develop over the coming weeks and months as we end this bull run. this chart could look totally different in a month with a look back at this post being totally wrong. With that said, nothing about this post is financial advice and I am not a financial advisor.
IOTX (IoTeX) , 280% gain ahead , finally did the breakout !hey yall ,
IOTX was making a descending channel for two months , now today we witnessed the breakout , time to RISE !
as you see in the chart , it's the time for the second top , in every cycle it does that ...
you can see the similarities between the cycles .
there is a MACD cross as well which is a good sign.
also here is the 4H chart , the breakout is obvious here :
targets are shown in this pic .
if you liked the idea , give it a like .
and if you wanna see more of these , follow , heck of analysis are on the way !
also tell me your opinions on this idea in the comments .
GoOOoOd LuUuUUuck
IOTX , repeating the cycle . 350% gain ahead.as you see , IOTX makes 3 tops in every cycle . so I checked each one and found a pattern in it . to find the second top , we just have to use Fibonacci retracement , and as you see, all the second tops are at 161.80% .
target : 0.28887
what do you think ? comment below .
and aye , if you liked it , hit the like 👍
IOTXUSD D1: 2000% gains BEST level TO BUY/HOLD(SL/TP)(SWING)Why get subbed to me on Tradingview?
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IOTXUSD D1: 2000% gains BEST level TO BUY/HOLD(SL/TP)(SWING)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
previously recommended buying low.
READ ENTIRE IDEA BEFORE EXECUTION.
🔸 Summary and potential trade setup
::: IOTXUSD 1days/candle chart review
::: DISTRIBUTION in progress now
::: expecting 40-50% correction
::: 2000% gains is not a typo
::: complex correction within elipse
::: focus on BUY/HOLD near
::: my level later after correction
::: right now CORRECTION MODE
::: 40%+ sit it out and buy low later
::: LONG RANGE OUTLOOK
::: this is not for short-term traders
::: accumulation NOT COMPLETE YET
::: 20000%+ gains still possible
::: currently trading near range highs
::: BUY/HOLD setup TP +2000%
::: previously recommended buying low
::: up to 2000% gains possible later
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +2000% gains
::: details: see chart
::: SWING TRADE: BUY/HOLD IT
::: AFTER 40%+ correction!!!
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION
::: Sentiment short-term: PULLBACK/RANGE LOWS
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
💥IOTEX NEXT MOVE - TO FALL BY 360% TO $0.021Please support this idea with a LIKE👍 if you find it useful🥳
This is a weekly chart with price currently at $0.0758. This chart clearly explains why a fall is going to take place. Price was unable to break the upper resistance trendline upward and a reversal followed.
Therefore I expect a fall by 360% to $0.021.
What do you think?
Share your opinion in the comment section✍️
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Happy Trading💰🥳🤗
💡Don't miss the great buy opportunity in IOTXUSDTMidterm forecast:
0.057000 is major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
While the RSI support #1 at 49 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 0.068550 on 08/26/2021, so more gains to resistance(s) 0.085500, 0.099000, 0.117500 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 64.
Take Profits:
TP1= @ 0.099000
TP2= @ 0.117500
TP3= @ 0.150000
TP4= @ 0.170000
TP5= @ 0.196300
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💡Don't miss the great buy opportunity in IOTXUSDTMidterm forecast:
0.057000 is major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
While the RSI support #1 at 49 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 0.068550 on 08/26/2021, so more gains to resistance(s) 0.085500, 0.099000, 0.117500 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 64.
Take Profits:
TP1= @ 0.099000
TP2= @ 0.117500
TP3= @ 0.150000
TP4= @ 0.170000
TP5= @ 0.196300
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
IOTX Preparing for ANOTHER Insane 3xIOTX just had a huge run-up between August 9th and 11th, and now it is bull flagging and preparing for the next run-up. At $0.07 it is half price compared to the high it just put in a week and a half ago. If we hit our bull flag target it will run all the way up to $0.20
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.
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%