IOTXUSDT
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.
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
IOTXUSDT 4H🔥 THERE IS MORE FORCEHello everyone👋👋
Samsung recently announced that they are partnering with IOTX and that they are investing 10million in their project.
At the moment, on the 4H (TF) chart, it is drawing a double bottom, I think it's time to buy an asset against the backdrop of positive news.
✅Don't forget to visit the channel there is a lot of useful information about trading.
✅Write your comments what you think about this coin.
IoTeX (IOTX) Buy ZoneIoTeX (IOTX) Buy Zone
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BIAS
Mid-Term : Bullish
Risk : Medium
Our short-term market structure has once again become bullish, IoTeX after the violent drop towards $0.0735 zone we saw less than 3 days ago and the even faster buy back immediately after it.
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$IOTX/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 0.0755 - 0.072
TP 1 : 0.078
TP 2 : 0.08
TP 3 : 0.083
TP 4 : 0.08575
TP 5 : 0.088
TP 6 : 0.0915
TP 7 : 0.09355
TP 8 : 0.0978
Stop Loss : 0.0698
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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IOTX fractal (long idea)this is a fractal that can potentially happen
it's not financial advice, it is never.
But it's a long that I personally am going to take, with a limit order around 0.071~0.073
doesn't mean you have to.
The idea is that the pattern from the box 1 repeats on box 2
could happen during asia session
let's wait and see