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IoTeX / TetherUS

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IOTXUSDT trade ideas

Taking a look at IOTX: Mainnnet GA Launch SOON!!Hello and Good day to all, I am very happy today with the previous forecasts hitting WAY ABOVE EXPECTATIONS. Thank you all for your support! As a way of giving back, I am doing an analysis on this up and coming coin: IOTX TOKEN, support me by liking and following! I will really appreciate it and let us grow together, one day I hope to become a top trader and you guys will be the first to have followed and made continuous profits from my analysis!! IOTX Technical Analysis: At the moment in H1 Time Frame, IOTX has broken up and is currently undergoing a strong pullback for the past 6 hours. The 0.786 fib level has tried and failed to validate as support as seen in the long hourly H1 wicks which gave way to the selloff. Now we wait to see if 0.5 Fib level can serve as a strong support for a REBOUND TO THE UPSIDE (this region is a common area of reversal) If it fails, we look to see how IOTX reacts to touching the 0.236 Fib level (Below this, IOTX has likely lost bullish momentum and I would not recommend touching it) Fundamental Analysis (Bullish): - GA MAINNET Launch on 1 June --> Hype creates momentum for BUYING Pressure - Pretty solid fundamentals and potential for implementation (www.youtube.com) --> Emphasis on full decentralisation, I see an uptrend on IOTX whenever there is news of adverse politics in altcoin management (etc EOS problem with decentralisation/TRON being too centralised) - Be careful on sell off nearing the launch, would keep an eye on the charts for now As always, feel free to like and comment your thoughts and any altcoins you would like to discuss about! Best Regards, GOLD D ROGER A humble trader
Long
by Gold_D_Roger
12
The Internet of Face Melting Mainnet Gains 🤑 | IoTeX ($IOTX)🤯 If you haven't heard of IoTex (IOTX), then you haven't been watching Binance charts. IOTX has been an absolute beast! That is likely in no small part to a mainnet launch coming up on June 1st. The reality is this Mainnet, launch titled "Machina," could be longterm bullish or just short term for IoTex, but for us this doesn't matter. Our goal is to map out some key levels of interest for anyone looking to go long into the mainnet launch. Two key levels to watch for support are S1 and S2. S1 is a great place to find support if we are going to retest or even breach the previous high before June 1st. At S2 things start favoring the bears, as S2 is a perfect setup for a dead cat. S3 is the last level of support we are watching short term, but this is where bears need to consider a potential short. Meanwhile to the upside, R1 is the main resistance level to watch, although the current range could also become a notable resistance if we travel lower. In general here, as exciting as the new tech is, traders should keep in mind what makes this chart attractive is the momentum and current clear uptrend. If the momentum and uptrend are lost, we are likely not to be looking to chart this one again for a while. (GG Bears) Resources: twitter.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉
by AlphaBotSystem
3