IOTXUSDT trade ideas
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.
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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.
LONG #IOTXLONG #IOTXUSDT from $0.08035
The instrument has formed a cascade of several resistance levels, behind each of which I expect to see the stops of the participants' shorts. Active compression in the triangle and local volume spikes indicate buyers pushing the price to update current highs.
To enter the deal, I expect to see the formation of consolidation and an increase in activity in the glass before the breakdown of each of the levels.
IOTXUSDT.PHello Trader BINANCE:IOTXUSDT.P
the potential area can be valid cup and handle or double bottom, because the 30M - 2H scalping chart is noise reject, can be scalped for small time frames.
take profit 21.5%
stop loss 5.3%
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Disclamer: Not Financial Advice
IOTX/USDT Ready to Reclaim its Recent Top? 👀🚀IOTX Analysis💎Pay attention, Paradisers! #IOTXUSDT is creating buzz, gearing up for a bullish shift from the pivotal support at $0.062.
💎If SEED_DONKEYDAN_MARKET_CAP:IOTX can hold its momentum at this mark, there's a strong likelihood of embarking on a bullish journey, echoed by the price's historical reverence for this level on three occasions, solidifying it as a robust support.
💎However, if the upward trajectory of #IoTeX starts to diminish and breaches below the $0.062 support, we'll turn our attention to a lower demand zone at $0.056. With significant liquidity poised at this level, we expect a necessary descent to this more probable zone for a rebound.
💎Maintaining alertness is crucial: a fall beyond this subsequent support could signal a more pronounced bearish trend as the market sentiment shifts towards a sell-off. Stay vigilant, traders, as we navigate the unfolding dynamics of the #IOTX market.
IOTX/USDT Ready for a Bullish journey? 👀🚀 IOTX Analysis💎 Paradisers, let's shift our focus to #IOTXUSDT, as it's currently showing potential for a major move from a key demand level.
💎 #IoTex is charting an upward path, indicating a potential bullish breakout from its current demand zone. We're expecting a retest of the demand level at $0.038, in light of the significant supply zone ahead. If #IOTX maintains its position above this level, it might initiate a rise towards the major supply zone at $0.060.
💎 However, if #IOTX encounters challenges in holding its ground above the support, we may need to reconsider our trading strategy. In such a case, our focus could shift towards triggering a bullish movement from a lower bullish Order Block (OB).
💎 It's imperative to monitor this level closely, as a fall below it could lead to a substantial downward trend.
💎 Stay vigilant and ready to pivot, Paradisers. Your ParadiseTeam is dedicated to providing the latest insights and strategic outlooks, ensuring you're equipped to adeptly navigate these market changes.
IOTA Foundation Partners with WEF and Global Trade LeadersThe IOTA Foundation ( SEED_DONKEYDAN_MARKET_CAP:IOTX ) has allied with leading global entities to embark on an ambitious journey that promises to reshape the landscape of international trade. This strategic partnership, which includes the World Economic Forum, Trademark Africa, and the Tony Blair Institute for Global Change, is poised to address the age-old inefficiencies and opacities plaguing global trade through the groundbreaking Trade Logistics Information Pipeline (TLIP).
Revolutionizing Trade with TLIP
With TLIP, the concept of physical stamps on trade certificates is gracefully retired. Instead, it stands for a digital counterpart that ensures documents remain irrevocable. The immutable nature of IOTA’s DLT offers an unassailable assurance that once a document is authenticated, it cannot be altered, creating an unbroken chain of accountability.
The Power of Distributed Controls
A critical feature of IOTA’s technology is its distributed controls, which allow trade actors to manage their data and grant access permissions autonomously. With this, the TLIP can preserve the decentralization ethos of the free market. This approach negates the need for a centralized platform, annihilating the risks associated with data consolidation.
Forging a Collaborative Governance Structure
In the WTO’s 13th Ministerial Conference in Abu Dhabi, the IOTA Foundation ( SEED_DONKEYDAN_MARKET_CAP:IOTX ) and its partners made a commitment through a Collaboration Agreement. The essence of this agreement is to foster a collaborative and impartial governance structure for TLIP. This inclusive framework invites stakeholders to co-design the digital future of international trade
The TLIP is underpinned by open-source technology, which ensures that all participants, regardless of their size or sector. Further, they all have equal access to the digital infrastructure. The goal is to create a non-profit, interoperable ecosystem to serve as a foundation for companies to build commercial models. Also, to power applications that add value to the entire trade process.
The partnership between the IOTA Foundation ( SEED_DONKEYDAN_MARKET_CAP:IOTX ) and global trade leaders is more than just a technological alliance; it’s a beacon of change for the international community, signaling the dawn of a more efficient, transparent, and collaborative global trade environment.
IOTA Network Finds Surge in NFT Activity
As per the IOTA explorer, a significant increase in the creation and transfer of NFTs is observed, especially in recent months, peaking in February. This uptick indicates a growing interest in and usage of the IOTA platform for NFT transactions.
Further, there’s been a noticeable spike in active addresses, suggesting a heightened activity that could fuel the IOTA price. This could reflect a burgeoning user base or increased transactional activity, possibly driven by the NFT market activities.
The ledger size is gradually increasing, a sign that more data is being stored on the IOTA network. This growth is crucial as it shows user adoption and network utility. A larger ledger signifies that more information is being secured on the IOTA Tangle. Thus, it points to its viability and robustness as a data management system.
🚀 IOTXUSDT: Riding the Bullish Momentum! 🚀The IOTXUSDT market is currently showing strong signs of a bullish trend, characterized by the consistent formation of higher highs (HHs) and higher lows (HLs). As the broader market embraces a bullish sentiment, IOTX is intriguingly trading sideways, creating an impeccable Cup and Handle pattern. The key to unlocking potential profits lies in patiently waiting for the confirmation breakout from the Handle.
🔍 Technical Analysis:
The pattern suggests a classic continuation of the uptrend.
Keep a keen eye on the formation of the Cup and Handle, indicating a potential upward surge.
RSI and MACD indicators align with the bullish outlook.
💡 Trade Strategy:
Awaiting confirmation through the breakout of the Handle for a strong buy signal.
Set stop-loss levels judiciously to manage risks.
Targets are set based on Fibonacci extensions and key resistance levels.
📈 Conclusion:
The meticulous analysis points towards a promising bullish ride for IOTX. As always, trade responsibly and adapt to evolving market conditions. Join the conversation - share your insights and let's ride this wave together! 🌊📈
👉 Disclaimer: This is not financial advice. Always conduct your research and consider risk management strategies.
IOTXUSDT is BullishIOTX has given a strong breakout and is currently in the process of defining a higher low, which it seems like would be defined at 0.5 of the fib retracement. This breakout could potentially trigger a bullish rally, taking the price to new highs. Targets are mentioned on the chart.
IoTeX chart analysis considering the adresses in profit🤑Here is a weekly IoTeX chart analysis considering the adresses in profit situation at every past peak🤑
I don't expect huge profit taking now since only 63% of all adresses are in profit right now.
IOTX also not at FIB 50% or Golden Pocket so far after the clear bullish breakout.
Much more room to grow dear Crypto Nation😎
Comments💭, Likes♥️ and Follow🔗appreciated dear Crypto Nation😎
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion