$IOTX/#USDT [#IoTeX]: Trend_Reversal◳◱ Hey traders, A Trend Reversal has been identified on the $IOTX / $USDT chart. The trend of the price has reversed, indicating a potential trend change. The next resistance levels are located at 0.02592 | 0.02786 | 0.03238, while the main support levels can be found at 0.0214 | 0.01882 | 0.0143. Consider buying at the current price of 0.02355 and benefiting from the trend continuation.
◰◲ General info :
▣ Name: IoTeX
▣ Rank: 146
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Infrastructure - IoT
▣ Overview: IoTeX is an EVM-compatible L1 blockchain that provides secured interactions between humans and machines. By creating a platform for the Internet of Trusted Things, IoTeX powers a decentralized network of DApps (Cyclone, Mimo), smart devices (UCam, Pebble), services (ioPay, ioTube), and digital assets to deliver better value to end users.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.02355 ₮
▣ 24HVol: 3,713,940.087 ₮
▣ 24H Chng: 6.369%
▣ 7-Days Chng: -3.91%
▣ 1-Month Chng: -19.94%
▣ 3-Months Chng: -6.10%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.02592 | 0.02786 | 0.03238
◢ Support: 0.0214 | 0.01882 | 0.0143
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -0.87
▣ Last 90D: 2.91
▣ Last 1-Y: 1.10
▣ Last 3-Y: 1.49
◲◰ Volatility :
▣ Last 30D: 0.88
▣ Last 90D: 1.01
▣ Last 1-Y: 1.37
▣ Last 3-Y: 1.90
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.56 - Bullish
▣ Reddit sentiment score is 0.95 - V. Bullish
▣ In-depth IOTXUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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IOTXUSDT
#IOTX | #Usdt#IOTX
At the request of one of you, we analyzed this currency.🍻
The price is in a triangle in the four-hour time frame. If the dynamic resistance is broken, the price can go up to the green dashed line, and if the first four-hour support is broken, the price will rise to the second four-hour support can go down
4H ALGROTMIC TRADING CONFIRMATION SHOWS A BREAKOUT FOR IOTXThis is the final update we will share regarding IOTX until there is a significant change in its price action. We have included additional updates about our expectations for IOTX and our current view. As we have done in the past with OCEAN, when it was around $0.14, and further updates when it reached $0.17. You can view the chart on the following link:
All of the previously mentioned targets for OCEAN have been confirmed.
According to our 4-hour range algorithmic trading, IOTX appears to have confirmation. There is a high probability that IOTX will break out short term.
$0.10 is an important short-term trend target. The current price is stable with low volume, but we anticipate this will change over time.
We have also observed similar signals in the 4-hour range before when IOTX broke out to higher price targets, from a similar starting price, as seen in the following example:
Please note that this is not a day trading update, but rather our primary view on IOTX and its potential for an unexpected breakout.
Our short-term target for IOTX is $0.10, with a middle-term target of reaching its all-time high, and a long-term target of $0.41 in 2023.
IOTX Could Enter Top 40 RANK OF COINS 2023 🌠$0,10 FIRST TARGETIOTX is currently ranked 117th on CoinMarketCap, and depending on our study, it could rise to the top 40 . The Internet of Things is a major trend that is set to revolutionize the world in the same way as Artificial Intelligence. IOT can become with time very important, and IOTX plays a big role in its development.
TA technical analysis
We know IOTX as a coin that has unexpected increases as we saw before, and it's a coin that can go against the trend of BTC .
Last time, we observed a trend in IOTX that seems to indicate an increase. Technical analysis of IOTX is also suggesting further growth.
The Internet of Things can play a crucial role in the future, especially when combined with what IOTX is currently developing and will continue to develop in the future.
Expecting Targets
Depending on our algorithmic trading including the trend and volume study we expect that IOTX is able to break the coming time to $0,10 as an important target.
The big question and that's also the reason for this update, is whether IOTX going to show a huge increase that we did not see before since the last developments. and when we say higher increase we mean a NEW ATH?
We make our trading decisions based on the data and analysis we have done, and our analysis shows a high chance of success, we expect that IOTX may rank in the top 40 and reach a new all time high.
Right now, our focus is on reaching the $0.10 target, We have seen the full effects of 2017 and 2021 on coins, IOTX may be one of the coins that could show a significant increase in the coming time.
I hope you did enjoy reading this content, thank you for reading.
IOTX : VEHICLE TECHNOLOGY WILL EXPLODE IOTX TO THE MOON!As cars become more advanced and connected through the use of IoT technology, they will generate significant amounts of data that can be used for various purposes such as predictive maintenance, traffic management, and even autonomous driving. We believe that IoT technology will play a significant role in the advancement of autonomous driving. In order for cars to become connected, IoT is necessary.
We anticipate that the market for autonomous driving cars will become increasingly prevalent, similar to the growth of electric cars. Overall, the growth of vehicle technology is expected to drive the growth of the IoT market by creating new opportunities for data generation and analysis, improving safety and security, and facilitating the development of smart cities.
Security is a top priority, and Raullen Chai, the co-founder, and CEO of IoTeX, has a strong background in this area. He previously worked for companies such as Google, Uber, and Oracle, and holds a Ph.D. from the University of Waterloo, where his research focused on designing and analyzing lightweight ciphers and IoT authentication protocols.
We believe that IOTX is currently the best option for IoT on the market and in the crypto space, and it may show unexpected growth in the future. Our analysis has led us to believe that the internet of things will become a new trend and IOTX will enter into a new range of bull trends. IoT is necessary for the functionality of AI.
Based on our analysis, we expect IOTX to reach a value of $0.41 USD in the coming time, it's a coin that can go step by step until it breakout. However, it's important to always do your own research and trade safely. Keep in mind that, if there is real hype on the coin, the price action could go much higher, but we will have to wait and confirm this over time. This is not a coin that is recommended for trading, but it's worth keeping an eye on it.
IOTX the Surprising Increase : Target Analysis in 2023 $0,41This update focuses on the expected targets for IOTX in 2023. We anticipate that there will be an increase in IOTX's value in the coming time, as seen in a recent trend analysis. With this update, we will be discussing the specific goals we expect IOTX to achieve based on our research and analysis. We believe that there will be a point in time when IOTX will experience significant growth.
See the blow chart for more TA views.
The top target that this update share is between $0,41 and $0,45 for 2023, and if there is a trend in autonomous vehicles for IOTX the price action can increase more.
2023 seems to be a digital year with tech trends. further, we expect also that OTX Could Enter the Top 40 RANK OF COINS 2023
This means that depending on this study that there is a good possibility IOTX could do 1300% increase in 2023
IOTX is like the AI, it was a time in sleeping modes, but it seems it's about to get up coming time.
MachineFi has the potential to revolutionize the future as the world becomes increasingly digital. We have already seen a shift towards digitalization in industries such as supermarkets and with the increasing number of IoT connections, more companies will follow suit. Self-driving cars are on the horizon and IoT will play a crucial role in making them a reality. AI also relies on IoT systems to function at their full potential. For this reason and other reasons, we expect that IOTX is the best coin for IoT in the cryptocurrency market.
IOTX in a Downward channel - iotx is in a downward channel. It is at the top edge of the channel and ready to incline to bottom side of the channel.
Because of lack of volume and staying under 21 daily moving averages. it seems that it will visit the bottom side of the channel unless btc doesnt change its donwward movement in short term.
note: this is not a trading advice ,please make your own trading decisions by yourself.
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