IOTXUSDT
IOTXUSDT idea (my first!)This is my first time on here and thought i'd give this a go.
Looks like a steady move up for IOTX/USDT with an aim on previous rally to 0.037944, if it passes 0.029199
Though a break down past 0.0245 would suggest a move lower to the previous high of 0.0227
IoteX showing its resilienceI'm invested in Iotex so i hope to see a continuation to the upside maybe not immediately but if bitcoin manages to consolidate for a longer period on the current levels we might be alright right? xD
notes are on the chart.
# I am not a financial advisor, i do this for fun :) Trade at your own risk, remember ALOT of people lose their money.
IOTX/BTC (Weekly Key Level Support)💎Technical Analysis Summary💎
BINANCE: IOTXBTC
-IOTX is now trading at key level of support on the weekly chart
-There is sign of Bullish reation on this key area
-So technically, it is not yet a good buy signal
-Once the candle weekly candle closes
-Zoom in on the 1 day chart and wait for any reversal signs
-With this, you can reduce the risk and have a perfect entry point
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IOTXUSDT AnalysisSince there are 2 SELL signals present, I'm BEARISH .
And I don't think this is a good time to buy.
If you want to buy again, we have 3 different options.
1- You can wait for EngineeringRobo's BUY signals to be present,
2- You can wait for candles to open-close above resistance level (0.011) for 1D to buy,
3- You can buy when candles touching the support line (0.0062).
After you buy, please watch out for EngineeringRobo's sell signals and consider selling it.
IOTXUSDT analysisBuy 1 and bull signal say we can buy. Here is my analysis:
1. We can buy when risk/reward ratio is greater than 2, we can buy at 0.0081
2. We can buy at support = 0.007usdt
3. We can buy when resistance turns to support (1D open & close above resistance) = 0.011usdt
Since there is an existing sell2 signal, either sell 1 or bear signal is required for sell decision. We must also sell if the chart goes 1D open & close below the support line.
IOTXUSDTprices up almost %300 percent since a moon in mid may and with no hell signal plus recent support from a buy1+buy3 we could see continued upward movement and new all time highs but if we close below support we could see a retest of that uptrend line.
IOTXUSDT ANALYSISI have 4 positive signal it is above the support(horizontal now) line
If you cought with 50 ma cross 20 ma buy signal you got x5 profit
If you cought with Moon signal you got x4 profit
If you cought with Bull signal you got x2 profit at this chart that is why you should use EngineeringRobo
If you want to buy this coin it is ok to buy now but watch carefully EngineeringRobo signal
If you hold this coin don' t hurry to sell it watch EngineeringRobo' s sell signal
Finally and Unfortunately EngineeringRobo gave Sell 1 & Sell 2 and Sell 3 to Bitcoin, I am not strongly recommending to buy any altcoins at the moment
If you want to use EngineeringRobo please dm me. Have a good trade
IOTX/BTC (Key Support @ 50 sat?)IOTX/BTC
-After hitting the 91 sat range, the price has now fallen over -38% its value
-If I'm looking for Buy swing point entry, Key areas are very important
-The level needs to be watching is the 50 sat range, why?
-Because is a confluence of multiple factors
-We have the previous support and resistance level
-200D MA as dynamic support and also the golden Fib ratio .618
-This will be a high probability Buy setup
-Provided the market (Bitcoin) condition will be in your favor
-Trade wisely, and please always have a concrete plan before execution
(2H) Binance, IOTXUSD, Ucam Amazonentry Around 0.00736 or lower,
TP 1: 0.007777,
TP2: 0.008662,
TP3: 0.011164
disclaimer:
-> this is not financial or trading advice
-> read the chart carefully and compare with other analysis
-> this analysis can 100% wrong, your action is your own risk
IOTXUSDT ANALYSISBased on my analysis, the candles are stuck between dashed line and the horizontal line(0.008227). In my opinion, the candles cross and pass the last horizontal line(0.008227) very soon. Therefore,
If you wanna a little risk, you will buy it now, or
you wait a few days and when you see the candles will open and close above the horizontal line, that time you may buy it.
Your choice, but if you ask me, I would prefer to wait until pass the line.
Besides, I prefer to look at EngineeringRobo's signals as well. :))
IOTXUSDT⚠️✅⚠️ Breakout Incoming, pay attention!💬 IoTeX (IOTX) looks like it is gearing up to break resistance. Let's analyze this bad boy of blockchain and Chainlink partnerships to see if the bulls can break on through or if the bears will end the glory here.
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Support:
S1: The first support level is the S1 orderblock. Anything more than a quick wick down to here breaks our current bullish structure of higher lows. So even though there is support here, it should be viewed cautiously.
S2: The S2 S/R flip is a logical place to find support. The momentum of the current move would be lost here, but that doesn't mean this support can't or won't hold.
S3: If needed there is also the S3 orderblock range. Anything below this changes our overall bullish outlook on IOTX.
Resistance:
R1: The R1 orderblock at the previous swing high is our first point of resistance. We'll be looking for this to act as support once broken.
R2: The R2 high from the initial move up back in May is the last point of resistance. What the bulls will want to see is a move up to R2, support found at R1, and then a push higher through the Multi-timeframe resistance noted below.
Daily Multi-Timeframe:
There is a major price pivot point that is currently acting as resistance. It is the potential to break this and for the USDT pair to make new highs that has us excited. Let's go bulls!
BTC 4h Multi-Timeframe:
You can see that the current daily USDT range is also significant on the 4h for the BTC pair. While there is a rather large range here to consider, this chart illustrates what we are looking for. We want to see an ABC move above this resistance, with a retest of it, before moving higher.
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Summary:
This play is all about breaking resistance with the current momentum, so a retest of lower ranges is pretty far outside the scope of what we are looking for. We want to see a run now, do you think we'll get it?
Resources:
cryptobriefing.com
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IOTXUSDTIOTXUSDT, the trend has been increasing and currently above the uptrend line.
1. It might continue to increase until the resistance line at 0.006 then break it above with an open-close candle, it is time to buy some or more.
2. It might start to decrease and pull the uptrend line back with an open-close candle. It is time to sell or you can also wait until the trend goes down and breaks the support line below with an open-close candle to sell.
-EngineeringRobo's signals work well!
IOTX/USDT - a bullish trend triangle a bullish trend triangle + large bullish inverse/overt divergence by 4h.
Got it.
Stop - 0.004567$.
Targeting local Hi and above.
Push ❤️ if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
IOTX/BTC LONGIOTX has a Mainnet launch coming up tomorrow and price looks like its gonna blast through the 68 sat resistance. It's a good buy for a good profit.
IOTXBTC Target 125 sats.
IOTX/BTC (Pullback at Key Moving Averages)IOTX/BTC
-cross ultimate indicator signal is Long priority last May 20
-the price pump over 180% and reached recent top resistance
-during pullback, it reacted on the MA dynamic support
-there is a local resist line at 65s
-if buyers come in and breaks this line
-we might experience another leg up continuation
The Internet of Face Melting Mainnet Gains 🤑 | IoTeX ($IOTX)🤯 If you haven't heard of IoTex (IOTX), then you haven't been watching Binance charts. IOTX has been an absolute beast! That is likely in no small part to a mainnet launch coming up on June 1st. The reality is this Mainnet, launch titled "Machina," could be longterm bullish or just short term for IoTex, but for us this doesn't matter. Our goal is to map out some key levels of interest for anyone looking to go long into the mainnet launch.
Two key levels to watch for support are S1 and S2. S1 is a great place to find support if we are going to retest or even breach the previous high before June 1st. At S2 things start favoring the bears, as S2 is a perfect setup for a dead cat. S3 is the last level of support we are watching short term, but this is where bears need to consider a potential short.
Meanwhile to the upside, R1 is the main resistance level to watch, although the current range could also become a notable resistance if we travel lower.
In general here, as exciting as the new tech is, traders should keep in mind what makes this chart attractive is the momentum and current clear uptrend. If the momentum and uptrend are lost, we are likely not to be looking to chart this one again for a while.
(GG Bears)
Resources: twitter.com
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