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Iotxusdtidea

IOTX/USDT Reclaimed above the resistance, Continue Bullish move?💎 IOTX has been making notable strides in the market lately. It has successfully reclaimed its position above a key resistance level, which could be a positive indicator. 💎 Following its retesting phase, IOTX is poised for a probability upward trajectory as it aims to challenge the Bearish OB zone once more. However, should IOTX close below the resistance area daily, it could signify a false breakout. In such a scenario, there's a likelihood that IOTX might resume a downward movement, heading toward the demand zone. The demand area is critical for IOTX's recovery and upward continuation. A strong bounce in this zone is essential to prevent further decline. Failure to maintain momentum in this area could result in IOTX descending towards the support level, and possibly even lower, underscoring the significance of this juncture for its market trajectory.
by MyCryptoParadise_Nathan
IOTX/USDT Process for retesting phase at the support!!💎 IOTX has notably captured the market's attention, especially after breaking through a key resistance area, which led to a substantial upward movement. However, IOTX hasn't yet entered a retesting phase at what was previously a resistance level, now acting as support. 💎 Recently, IOTX has shown a downward trend toward this support area, potentially signaling the start of a retesting phase before it can resume its upward trajectory. The Probability next notable target in this journey is the bearish OB area. 💎 During this critical retesting phase, it is essential for IOTX to demonstrate a robust bounce off the support area to continue its upward momentum. If IOTX fails to sustain above this support, there's a possibility it could break below this level, retreating towards the bullish OB zone around $0.028. 💎 The bullish OB zone at $0.028 becomes a crucial area for IOTX. For IOTX to maintain its bullish trend, a strong rebound from this level is necessary, aiming to surpass and sustain above the former resistance level. This rebound is crucial for IOTX to continue its ascent towards the strong resistance. Conversely, if IOTX fails to hold this bullish OB level and breaks down, it could indicate a shift towards a stronger support area.
by MyCryptoParadise
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
IOTXUSDT, We are in buy zone areaHello everybody According to the chart and previous analysis, the price is moving up in upward channel from the beginning In last analysis we expect the price can go upwards because we have the midline support zone area but its not happening and now we are in important support of key level. If this support lose and the price can consolidation below of it the trend can change and the bearish have more power of the market. In this zone we can buy 1 step because it has nice R/r but put our stop below the support zone area and put our take profit like exactly our shown on chart. Good Luck Abtin Previous analysis :
Long
by Abtin00
💥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✍️ Follow me to receive more updates on IOTEX (IOTXUSD) 🤗 Happy Trading💰🥳🤗
BINANCE:IOTXUSDShort
by PetrockFxTrading