IOTXUSDT trade ideas
#IOTX 1D: 100% Circulating Supply – Stable Growth. 11/28/24Launched in 2017 as an open-source project, IoTeX has evolved into a decentralized platform empowering the open economy for machines. It is an ecosystem where people and machines interact with trust, autonomy, and carefully designed economic incentives.
Nearly 100% of all tokens are already in circulation, a crucial factor as it eliminates future unlocks that could lead to large-scale sell-offs. This reduces market volatility caused by major sales.
The current price level appears to be a "bottom," making further declines unlikely.
With a market cap exceeding $400 million, IoTeX has growth potential. If its market cap increases significantly, the token price could follow, indicating the project has yet to reach its full potential.
IOTXUSDT shows promising potential for further growth, supported by the limited availability of tokens for large investors.
#IOTEX: Revolutionizing IoT with BlockchainDescription:
This trading idea centers on IOTEX, a blockchain platform designed to power the Internet of Things (IoT) ecosystem by ensuring secure and efficient data exchange. IOTEX bridges blockchain technology with real-world IoT devices, offering decentralized solutions for data privacy, scalability, and connectivity. Its unique offerings, such as the Ucam security camera and Pebble Tracker, showcase real-world utility, setting IOTEX apart as a leader in integrating blockchain with IoT applications. With the global IoT market expanding rapidly, IOTEX is poised for increased adoption and long-term potential.
However, the cryptocurrency market remains volatile and highly influenced by factors such as technological advancements, regulatory changes, and broader market trends. Investors must exercise caution when trading or investing in IOTEX, as the market's unpredictable nature can lead to significant risks and opportunities.
Disclaimer:
This trading idea is for educational purposes only and should not be considered financial advice. Cryptocurrencies like IOTEX carry substantial risks, including the possibility of losing your entire investment. Always perform thorough research, evaluate your financial situation, and consult a financial advisor before making any investment decisions. Past performance is not indicative of future results.
IoTeX | Long Term Profits Plan Hello traders!
There's hype in the air as BTC has moved within a bullish wave even though we are inside a descendant channel point. So, it could either re-test resistance at about 70k again or get back inside the range. So here's an idea to use in the long term for IoTeX
1) Price has been in a range for a long time and within this range best zones to buy would be at: 0.013 - 0.021 these may get re-tested before the bull run so you can set up some price alerts. Or if you feel brave you can enter at 0.031 which is the current monthly support
Verify entry points at lower time frames with the strategy of your choice.
2) TARGETS: The nearest one would be 0.060 - 0.070 but within the range it could go up to 0.10 but if that happens then the range would be broken leading to an uptrend which must coincide with the bull run so before it happens, it will drop heavily so I suggest to TP safely at 0.060 - 0.070 for the time being.
This idea is to spot for the long term. This asset is still in a balanced mode; there hasn't been a breakout of the range yet. However, it's worth noting that there's a bullish triangle pattern on the daily timeframe playing out right now.
I hope you find it useful and are able to take advantage of this idea.
Kina Tip of the Day: Take profits partially even when they don't seem much because, in the long run, they will grow in a balanced way with the rest of the portfolio.
Keep it shiny ⭐
Kina, The Girly Trader
IOTX ANALYSIS📊 #IOTX Analysis
✅There is a formation of Descending Channel Pattern in 3d chart with a breakout🧐
Pattern signals potential bullish movement incoming after the confirmation of breakout and a small retest📉
👀Current Price: $0.04400
🚀 Target Price: $0.08060
⚡️What to do ?
👀Keep an eye on #IOTX price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#IOTX #Cryptocurrency #TechnicalAnalysis #DYOR
IOTXUSDT Bullish Channel!IOTXUSDT technical analysis update
IOTX price is breaking the descending channel's resistance line on the daily chart. The price has been trading inside the channel for the last 215 days. Now, it is moving towards the descending channel's resistance line for a potential breakout. Once the breakout is confirmed on the daily chart, we can expect a gradual bullish move in IOTX.
Regards
hexa
IoTeX | Super SimpleWhat do you think of this one?
This is the same dynamic we see happening in 2025 for all the Altcoins; most of them.
1) ZERO. This part is done for most of the Altcoins.
2) PHASE 1. This is the first wave before the major bull-market.
3) PHASE 2. This is what is coming in 2025.
It is only a matter of time.
Namaste.
SOLUSDT Analysis going to the moon? Based on the 1D chart, there's a clear uptrend to the SOL and made some consolidation, somehow uptrend, and once it touch the level of support - we should be expecting another bullish trend and place a buy.
Note: This is not a recommendation, it is only based on my recent study as a new trader - thanks to The Trading Channel, I somehow made this analysis and waiting to materialize!
Those who will see this analysis, please share your feedback and teach me on how to futher improve my skills. Thank you in advanced!
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
Thanks
#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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#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🌴