💡Don't miss the great buy opportunity in IOTXUSDTMidterm forecast:
0.057000 is major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
While the RSI support #1 at 49 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 0.068550 on 08/26/2021, so more gains to resistance(s) 0.085500, 0.099000, 0.117500 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 64.
Take Profits:
TP1= @ 0.099000
TP2= @ 0.117500
TP3= @ 0.150000
TP4= @ 0.170000
TP5= @ 0.196300
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Iotxusdtlong
IOTXUSDT LongIotex broke the previous high at 0.075 and made a new high at 0.150.
It perfectly made a 61.8% retracement and tested back the previous high level range.
RSI is at healthy level. The next leg up will be a 3rd wave extension of 100%-161.8% to reach somewhere close to 0.250
Trade Setup:
Entry price: 0.075
Target: 0.20-0.27
Stop Loss: 0.045
RR: 8x
Profit: 300%
IOTXSUDT BROADENING DESC. TRIANGLE Iotx has been a great coin with high potientials since the offset of the month of august. After a wide consolidation that happened for months, iotx has spiked up to hit the regular target of the ascending trendline. At the moment, iotx has bounced with over 400% ROI but the specified target is inevitable for iotx. Price has risen to a certain level to retest the previous ath which was successful and we saw price bounced from the new support zone. The main target has been listed on chart. For any entry above this support zone put a stop loss underneath the previous ATH.
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IOTXUSDTIOTXUSD 1days/candle chart review. updated outlook still valid today. end of 2021 PT BULLS 20 cents. 800-1000% UPSIDE BUY LOW. MARKET BUY / ACCUMULATE. overall strong chart/ V-shape recovery. chart is LOG SCALE .get ready to BUY LOW later .market buy // buy dips / pullbacks already bottomed out .up to 1000% gains possible later. short-term pullback/correction .correction/pullback NOW .however chart looks strong. TP bulls is +1000% gains .FINAL TP is 1000% gains . recommended strategy: BUY/HOLD at MARKET. bull run not over yet.