SIMPLE STRATEGY After following previous analysis 👍. IOTX is currently reacting to the 4hrs orderbloock..... confirmed entries should be taken on lower time-frames......
IOTXUSDT trade ideas
IOTX buy/long setupAfter the drops it has had, it has formed a bullish iCH on the chart and then shows bullish signs by creating higher Ls.
By maintaining Demand, it can move towards TPs.
TPs are marked on the chart.
Closing a daily candle above the invalidation level will violate the analysis.
Note that the financial market is risky, so:
Do not enter a position without setting a stop and capital management and confirmation and trigger.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
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SIMPLE STRATEGY From the 4hrs chart ...IOTX is in a correction phase following the downtrend...expect price to tap into the order block above or react to the fibb level as we await a CHOCH....💯💀💀
#IOTXUSDT#IOTXUSDT
SEED_DONKEYDAN_MARKET_CAP:IOTX
Seems we have more dips coming in
This coin broke the support level at $0.03519 and currently testing as resistance, if the zone holds, expecting further dip to the support level at $0.01325
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SIMPLE STRATEGYIOTX is currently at 4hrs order block in a bearish ....after taking out liquidity..we expect a downward reaction from the 4h order ...
Choch is imminent 💯💀
#IOTXUSDT Poised for Major Breakout: Key Levels to WatchYello, Paradisers! Could we be on the brink of a game-changing breakout for #IOTX? Let's look at the latest analysis of the #IOTXUSDT and see what's happening:
💎Our analysis indicates that #IOTX is currently navigating a descending channel on the daily timeframe, with the price closely adhering to the trendlines. Recent market movements hint at a potential breakout due to improving market sentiment.
💎Currently, #IOTeX is approaching a critical support zone between $0.037 and $0.040, a key area filled with liquidity. This zone could serve as a springboard for a breakout above the descending resistance line, signaling a possible trend reversal in line with our bullish outlook.
💎A bounce from the major support zone at $0.037-$0.040 could ignite an upward rally. Watch for strong buying interest here.
💎If the liquidity at the major support zone isn't enough, we might see a move down to $0.031. A strong buying response at this level could still spark a bullish run for #IOTXUSDT.
💎However, if both the major and lower support levels fail, SEED_DONKEYDAN_MARKET_CAP:IOTX might face increased bearish pressure, possibly leading to further declines.
As always, stay sharp and manage your risk.
MyCryptoParadise
iFeel the success🌴
IOTX/USD analysis IOTX failed to respect demand zone and change trend to bearish ....expect price to make major downward movement clearing out liquidity above Nd tapping into the supply zone.,.💯
IOTX USDT ANALYSIS IOTX USDT is currently in an uptrend.....
Follow the trend by taking entry from the order block and FVG below with possible confirmations before entry..💀💀💯
IOTX LONGaccording to a great bullish pressure that we have in this currency and after getting liquidity we can enter for a scalp.
it's not a suggestion and trade it with your own strategy.
Potential Bullish Breakout for #IOTXUSDT – Don’t Miss This Yello Paradisers! Have you been tracking #IOTXSDT lately? If not, now's the time to focus. It is currently approaching a critical key support zone at $0.04634 and also showing strong momentum above the EMA, suggesting a potential bullish breakout.
💎In our previous observations, #IOTXUSDT faced continuous rejection from descending resistance. Now, it’s breaking above and probably retesting the channel resistance. We are expecting a probable bullish move from the key support at $0.04634.
💎If #IOTXUSD continues to sustain its momentum above this EMA and support, there's a high probability it will challenge the supply area at $0.06608 again, potentially breaking above the resistance.
💎However, if #IOTeX fails to maintain its momentum above the EMA and drops below the lower demand zone, we could see a significant price drop and bullish invalidation.
Remember to employ prudent trading strategies and use proper stop-loss measures. Stay alert to market movements for timely updates.
MyCryptoParadise
iFeel the success🌴
IOTX coin, highlighting the head and shoulders pattern and...Analysis of IOTX Coin: Head and Shoulders Pattern
Current Pattern:
The IOTX coin is currently exhibiting a head and shoulders pattern, which is a classic bearish reversal signal. This pattern consists of three peaks: the middle peak (head) being higher than the two outer peaks (shoulders).
Resistance Level:
We are now approaching a key resistance level. If the price gets rejected at this resistance, we could see a continuation of the bearish trend.
Potential Scenario:
• Bearish Reversal:
Given the head and shoulders pattern, if the price fails to break above the resistance, it is likely that we will see a bearish reversal.
• Price Target:
Should the price get rejected from the resistance, the first support level to watch is the neckline of the head and shoulders pattern. If this level is breached, the next significant support level would be the lower bound from recent price actions.
Summary:
• Pattern: Head and Shoulders (Bearish)
• Resistance Level: Current price level, acting as a neckline.
• Support Levels:
• Initial Support: The neckline of the head and shoulders pattern.
• Further Support: Lower historical support level from recent price actions.
Trading Strategy:
• Monitor the Resistance: Watch for price action around the current resistance level.
• Potential Rejection: If rejected, look for the price to move towards the neckline and potentially lower support levels.
• Stop-Loss and Take-Profit: Consider setting stop-loss orders just above the resistance level and take-profit orders around the support levels.
Conclusion:
The IOTX coin is showing signs of a bearish head and shoulders pattern. Caution is advised as the price approaches the resistance level. If rejected, prepare for potential downward movement towards the initial support level and beyond.
This post should effectively communicate your analysis and trading strategy for the IOTX coin based on the current head and shoulders pattern and the potential rejection from the resistance level.
When trading IoTeX (IOTX) or any cryptocurrency, be cautious. All trades are made at your own risk and responsibility. Make sure to thoroughly research and consider your financial situation before making any decisions. BINANCE:IOTXUSDT
IOTX Weekly Chart AnalysisHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
#IOTX is under a symmetrical triangle pattern, breaking down below the 50 EMA. The price is in a downtrend, suggesting a further 35% to 40% drop from the current market price (CMP).
If IOTX breaks above the resistance trendline, whether from the CMP level or after reaching the mentioned support, it will create a bullish sentiment and a 5x to 10x rally can be expected.
The lower support level at $0.013 will still hold the fall if we see a breakdown below the triangle.
- CMP: $0.03712
- Primary Support: $0.024
- Lower Support: $0.013
- Primary Resistance: $0.0628
- Long-term Target: $0.263
DYOR, NFA.
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IOTX looks a rocketWe seem to be inside a large diametric.
We now seem to be in wave D of this diametric.
Wave D looks like a normal contraction triangle.
We are looking for buy/long positions on the green range.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
IOTXUSDT LONGDidn't take this trade as I had two other open positions. Would have been in the green if it was taken.
IOTX NEW VOLUME TRENDIOTX seems to make a new entry since long time ago is this coin into a stable trend.
Is IOTX ready for new increase volume?
Alikze => IOTX | Pullback to broken supply areaIn the previous post, it was mentioned about the movement of the currency in the weekly time. In this post, it is moving in a medium-term ascending channel in daily time. After the high strength failure of the supply area, pullback to the broken structure is currently being completed. Therefore, it is expected that this pool will be completed in the green box area, and in the first phase, it will be supplied to the next area, and after its failure, it will be able to grow to the next area. If the behavior and structure of the post changes, it will be updated.
🟩Sup: 0.04880
⛳️Tp 1:0.07940 ~ 0.08550
⛳️ Tp2 : 0.14045 ~ 0.15067
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IOTX, easy trade zonelooks very easy trade with good R/R ratio.
Yellow zone was daily supply zone, but the price breakout is confirmed.
Now this a new demand zone.
#IOTX Ignited: Don't Miss Out on This Buy Trade!**Technical Analysis Chart Description:**
Welcome to my Technical Analysis charts on TradingView! Before we dive into the analysis, it's essential to understand some important warnings:
1. **Subjectivity Alert:** Technical analysis involves interpreting market data and chart patterns, which can be subjective. Different analysts may interpret the same data differently, leading to varied conclusions.
2. **Historical Performance Doesn't Guarantee Future Results:** Past price movements do not guarantee future price movements. While historical data can provide insights, it's crucial to consider other factors that could influence price action.
3. **Risk of False Signals:** Technical indicators and chart patterns can produce false signals, leading to potential losses if relied upon blindly. Always cross-verify signals with other indicators or fundamental analysis.
4. **Market Volatility:** Crypto markets are highly volatile and can experience rapid price fluctuations. Be prepared for sudden and unexpected price movements, which may invalidate previously identified patterns.
5. **Risk Management:** Proper risk management is essential. Never invest more than you can afford to lose, and consider using stop-loss orders to mitigate potential losses.
6. **Emotional Bias:** Avoid emotional decision-making based on short-term price movements. Stick to your trading plan and strategy, and don't let fear or greed influence your decisions.
**Disclaimer for Crypto Trading:**
Trading cryptocurrencies carries inherent risks, and it's important to understand the following:
Cryptocurrency markets are highly speculative and can be subject to extreme volatility. Prices can fluctuate significantly within short periods, leading to substantial gains or losses.
Investing in cryptocurrencies involves the risk of total loss of capital. Unlike traditional assets, cryptocurrencies are not backed by any tangible assets or central authority, making them inherently risky.
Regulatory uncertainty and market manipulation are additional risks associated with cryptocurrency trading. Regulatory changes or negative news can have a significant impact on prices.
This analysis is for informational purposes only and should not be construed as financial advice. It's crucial to conduct thorough research and consult with a qualified financial advisor before making any investment decisions in the cryptocurrency markets.
By using this analysis, you acknowledge and accept the risks associated with cryptocurrency trading and agree to trade at your own discretion. The author of this analysis shall not be held responsible for any losses incurred as a result of using the information provided.
Symmetrical trianglePlease don't follow my trades blindly, and always manage your risk according to your portfolio. Thank you
IOTXUSDTHM signal v4.0 (High momentum) spotted. Looking good with previous wave up with increasing volume and momentum.
- Heathy retracement and support well at good level @ 0.06106-0.06158
- Trending slow and steady if able to hold above the support zone
It is at extremely good reward to risk level now if able to hold above the support level.
Long Trade Position IOTXUSDTHi my friends. From now on, you can improve your analytical skills with the targets that I will give you and test your patience and strategy to reach price targets in the demo panel with virtual money. These exercises make you experience profit and loss with targets and stops, virtually in the real market and improve your analysis and personal strategy. Know your fear and greed and gradually control them so that your business is profitable and less harmful. I wish you happiness and wealth.
IOTX TREND BREAKIOTX has a good chance to break in the coming time since the IOTX has at this moment, is building a view that could show interesting results soon.
We will follow IOTX for the possibility of breaking in the coming times.
IOTX/USDT Show a bounce from the support, Indicating reversal!💎 Paradisers, #IOTX has recently experienced significant market dynamics, exhibiting a bounce from the support area.
💎 A breakout from the current pattern could probability signal a bullish reversal, propelling the price upward toward the strong resistance area.
💎 However, if #IOTX fails to breach the resistance trendline and remains in consolidation around the support area, this could indicate weakness in the bullish momentum. In such a scenario, there's a possibility that #IOTX might break below the support level and continue its downward trajectory toward the lower support around $0.048.
💎 In the event of a breakdown, it's crucial for #IOTX to bounce decisively from the $0.048 support level, as it represents a critical area for maintaining bullish momentum. Failure to bounce and reclaim the price above the $0.07 support area could result in further downward movement.
