💡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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IOTXUSDT trade ideas
🆓IoTeX (IOTX) Aug-25 #IOTX $IOTXSelling was stopped at $0.07, which is the strong support of IOTX at the moment. If it doesn't lose this $0.07 zone, in the next few days IOTX will rally back to the $0.10 and $0.14 zones. But if it loses $0.07 zone then at least it will fall to $0.055 zone
📈BUY
🔴Buy : 0.068-0.072$. SL if B
🔴Buy : 0.0975-0.1025$ if A. SL if B
📉SELL
🔴Sell : 0.0975-0.1025$. SL if A
🔴Sell : 0.137-0.143$. SL if A
♻️BACK-UP
🔵Sell : 0.068-0.072$ if B. SL if A
🔵Buy : 0.0535-0.0565$ if A. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
📊View on TradingView
🖥View on CS Global (beta) (cryptostationglobal.com)
IOTXUSDT - Long - Potential 50.11%IOTXUSDT - Long - Potential 50.11%
Exchanges: Binance, Bittrex, Huobi.pro, KuCoin
Signal Type: Regular (Long)
Entry Zone:
0.071952 - 0.08300
Take-Profit Targets:
1) 0.086092
2) 0.099771
3) 0.122822
Stop Targets:
1) 0.054912
Entry Triggers- Reversal, nice volume, breaking out of a bullflag
IOTX Preparing for ANOTHER Insane 3xIOTX just had a huge run-up between August 9th and 11th, and now it is bull flagging and preparing for the next run-up. At $0.07 it is half price compared to the high it just put in a week and a half ago. If we hit our bull flag target it will run all the way up to $0.20
Breakout of Descending triangle pattern in IOTEX* After a huge bull rally IOTEX formed a Descending triangle pattern in 2H hour time-frame.
* IOTEX breaks the support of the descending triangle and is retesting the same level.
* The 50 EMA is now moving above the price as resistance.
* After a proper retest we can expect a drop till $0.05900.
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%
IOTX/USDT Triangle pattern - Preparing for the next waveIOTX/USDT has a massive pump last week and making a correction for the last few days. Currently forming a triangle pattern. Wait for the breakout and confirmation for entry.
Use the Green lines as Targets (resistance)
This is not financial advice please DYOR and place stop loss below $0.079997
IOTX PUMB OR DUMB !?Hello guys,
First post as i am quite new to crypto world and trading.
This is not a financial advice
IOTX rised 600% in 7 days and after the correction i still think if it breaks the 0.5 FIB LEVEL we might see another break out.
If not then most probably it will go down to 0.07c - 0.05c
I would appreciate any comments and let me know what you think about my idea !
Thank you
Good Luck