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IOTXUSDT

IOTX/USDT Break key level area. Ready to continue Upward Move??💎 IOTX has undoubtedly made a significant impact on the market with its impressive ascent. It has successfully broken out of the supply area, signifying a promising development. Currently, IOTX is showing a bullish trend characterized by a series of higher lows. If this trend persists, IOTX has the potential to continue its upward movement, establishing new higher highs and potentially reaching our target supply area. 💎 However, if IOTX fails to establish a new higher high, there's a chance it may consolidate in the demand area at $0.0214, preparing for another bullish momentum. 💎 In the event that IOTX retraces to the demand area at $0.0214 and doesn't demonstrate a rebound, there's a possibility that IOTX could break through the demand level and descend to the lower demand at $0.0193. In this scenario, it becomes critical for IOTX to execute a successful bounce to reclaim the $0.0214 level if it intends to sustain its upward trajectory. 💎 If IOTX further retracts to the lower demand area and doesn't show signs of a rebound, this increases the likelihood of IOTX breaching the demand area. Such a development suggests a bearish trend and raises the possibility of IOTX continuing its descent, potentially returning to the strong support area.
by MyCryptoParadise_Nathan
2
IOTX ready for breakout hello dear trader and investors iotex ready for breakout downtrend channel and in short term can more than 100 % profit What is IoTeX blockchain? IoTeX is an open source platform at the intersection of blockchain and the Internet of Things, on a mission to enable the future decentralized machine economy. It seeks to build a connected world where machines, humans, businesses, and decentralized applications (DApps) can interact with trust and privacy. good luck ... mehdi
Long
by mehdi_kb
6
IOTX/USDT Ready for Next Upward ?? Iotex Today AnalysisHello Paradisers, turn your attention to a coin with potential! 💎IOTX has emerged from its descending channel pattern and is currently attempting to breach the supply zone. If it struggles to surpass this supply, IOTX might retreat to the demand zone between 0.01760 - 0.0173, before potentially resuming its bullish ascent. 💎For those considering an entry, you might either anticipate a clear break above the supply or patiently wait for a touch within the aforementioned demand range. 💎Stay vigilant, ParadiseSquad! 🌴 This analysis might need reconsideration if IOTX concludes the day below the 0.001650 mark.
by MyCryptoParadise_Nathan
IOTX buy long only breakout Entry: 0.02111 Profit: 0.06470 (206%) Stop: 0.01863 (11%) Risk-To-Reward: 17 Expected duration: 10 - 50 days Comment: Another trade that I want to prepare It could trigger at any time, so prepare your breakout order hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Long
by bullstraders7
IOTXUSDT 😶‍🌫️ Double Bottom Reversal Hey guys! We'll start monitoring the possible reversal for IOTX and I'm going to be straightforward: for this asset to start saying it's bullish we need to see a break above and close over 0.024 meanwhile we are trading in the range. Bullish scenario would play like this: First target: 0.019 then we'll TP For this to happen I'd like to see some sort of pattern like a double bottom or IH&S. Bearish scenario would go like this: Target open because it would be creating new all time lower lows we'd be then moving stop loss to entry as soon as in profits. But the trigger would be a close below: 0.015 I'm rooting for the bullish scenario as I'm a very hopeful person but we take what the market gives and be open to both scenarios always! Manage risk accordingly and never be biased. Happy trading! Kina 😶‍🌫️
by KinaStar
2
IOTXUSDT - Triangle Pattern breakdown Beware at this point this coin is in ranging mode. So I've marked areas where the volume profile has shown potential areas where most participants were involved at that time. So there's a chance that over those areas, price is going to react somehow or not at all, so we need to see what happens once it gets there. We can say we've got a hammer as soon as it entered the area so we can see a bit of a slow down motion after the drop. Now, 2 things can happen. Either it creates a double bottom and reverses right off this area or it continues to decline. However to confirm this, we need to see a breakdown of current zone in order to go short. Target could be the next support zone: 0.01865 - 0.01954 as shown in the chart we are sitting in a buy area and in oversold conditions. Also, this is a ranging market so what I see could be a mess to you lol
by KinaStar
MACD Divergence and Support Reclamation on #IOTXUSDTThe recent price action in #IOTXUSDT has shown some interesting developments. After briefly entering a bearish zone, we are now witnessing a potential shift in momentum. Here's what we're observing: 💎Bullish Divergence: The MACD indicator is displaying a bullish divergence, indicating a potential reversal in the price trend. 💎Support Reclaimed: Price has managed to climb back above the support level, which is a positive sign for buyers. 💎Fibonacci Retracement: The 50% Fibonacci retracement level has proven to be a significant area of support, with a clean bounce occurring for the second time. 💎Higher Highs and Higher Lows: On the lower timeframes, we are starting to see the formation of higher highs (HH) and higher lows (HL), suggesting a short-term growth potential. Considering these factors, as long as #IoTeX remains above the Fibonacci support, there is a high probability of a fast 10% rise. It's important to note that price spikes below the Fibonacci levels may occur, but only a new lower low would be a serious warning sign for the buyers.
Long
by MyCryptoParadise
1
Analyzing the Breakout: #IOTXUSDT Gains Momentum Above Trendline💎#IOTXUSDT has made significant moves in recent price action, breaking above the downtrend trendline and the recent high. And this breakout might have signaled a growing bullish momentum. 💎Prior to the breakout, the price successfully rejected the uptrend trendline, demonstrating the strength of the bulls in defending the support level. This validates the short-term uptrend, with a potential price increase towards the 61.8% Fibonacci retracement level. 💎Although the upside target is only 5% away, a daily break and close above the Fibonacci resistance could extend the upward push even further. 💎However, if #IOTXUSDT breaks below the support, it may present selling opportunities, as the probability of a short-term price drop would increase. We will keep you updated on the situation.
Long
by MyCryptoParadise
2
IOTX - 4H OutlookWe are now see the IOTX consolidating on the support area which is hold the price since 3 January 2023 (its about 129 day before), current support are marked as discounted zone, weaklow, if we draw the trendline, IOTX running 129D big consolidation and forming descending triangle, but inside the triangle the price action creating curve shape, which is a sign of liquidity has builded to make one more time 1 leg down to the fifth wave before continue to rally. the area that need to be watched is Current Support : *0,02085 *0.01657 (half of big fundzone marking) Resistance 4h: *0.02353 *0.02650 Which is might be it could be the area who give some big movement to the IOTX Price.
by Tradersjourney_