IOTXUSDT.P trade ideas
💡Don't miss the great buy opportunity in IOTXUSD @iotex_io
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.08711).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. IOTXUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 71
Take Profits:
TP1= @ 0.10152
TP2= @ 0.11208
TP3= @ 0.12098
TP4= @ 0.13187
TP5= @ 0.14484
SL= Break below S2
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#IOTEX $IOTX testing resistance, more upside coming?iotx has been testing the 4h resistance level around $ 0.0255
if we see a good breakout from the one, with good volume , and a good retest, we can set a long order with $ 0.029 as the target (following 4h resistance) and something around $ 0.023 as the stop loss, which is just below the swing low, which could act as new support and bring the price back up on a retest
let me know what you think about this idea and if you are planning to enter on this trade + like and follow for more ideas
Short IOTXIOTX had increased almost 40% since its fall (along with BTC) on 13th June.
It has shown some signs of weakness, mainly the decreasing volumn as price rises.
On 4H TF, its has broken the trendline. The so did the RSI.
Retest of trendline is possible before going down again.
As usual, some proposed resistance and targets are in chart.
IOTX/USDT: On Buying area, Direct rise expected---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------
IOTX/USDT: On Buying area, Direct rise expected
Context
- The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital assets IOTX suffered about negative global market situation
- However we are focus on a key buying area now on this coin and we expect a fast and quick recovery regarding technical element
Market configuration
- Graphical Elements :
Graphical Resistance = 0,081 & 0,2610
Graphical Support = 0,025 & 0,01280
- Mathematical Indicators:
EMA ( Exp Moving averages) are still capping the market = Bearish
RSI indicator (below) is bouncing off key support = Bullish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target (c) (B) has been already reached = 0,2830
Fibonacci resistance of the wave in progress = 0, 052
Fibonacci support of the wave (c) (B) (max extension) = 0,01280
Fibonacci Bullish Target = 0,081 (auto-similar move)
Conclusion
Preferred case => Regarding the mid-term element, IOTX is offering the perfect entry area for a mid-term portfolio configuration in order to anticipate a bullish exit towards 0,052 and 0,081 as long as 0,025 remains support - In extension a larger rise towards the previous top at 0,2610 can't be ignored
IOTXUSDT 4H🔥 THERE IS MORE FORCEHello everyone👋👋
Samsung recently announced that they are partnering with IOTX and that they are investing 10million in their project.
At the moment, on the 4H (TF) chart, it is drawing a double bottom, I think it's time to buy an asset against the backdrop of positive news.
✅Don't forget to visit the channel there is a lot of useful information about trading.
✅Write your comments what you think about this coin.
IOTX/USDT has a futureHey guys,
Let's talk about IOTX. So recently Samsung has announced that they are partnering with IOTX and that they are investing 10million into their project. At the same time we sow a Double Bottom so we think it is good time to buy with the combination of pattern and good news. Our take profits are set with the blue lines (Tp1-Tp3) and red box is the buying zone for us. Web 3.0 is about to see some massive change
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
🆓IoTex (IOTX) Jun-01 #IOTX $IOTX
IOTX has a support zone at $0.038, if it doesn't lose this zone, it will continue to move towards $0.045, $0.55 or even $0.065 this June. The selling force in these areas is not too strong, so the important thing is that the buying force needs to be pushed in. If it loses the $0.038 zone, it will temporarily correct to the $0.032 and $0.026 zone to retest these areas, the future of IOTX is still very bright.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.038$ zone
🔴Buy : 0.038
🔴Sell : 0.045 - 0.055 - 0.065
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.038$ zone
🔵Sell : 0.038
🔵Buy : 0.032 - 0.026
❓Details
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
IOTXUSDTPrevious support didn't hold
We're now @ the same level before the rally to ~0.28 started
on the 4H TF we still need to see an other market structure before we can see some upward movements. See the link to related ideas
BTFD
NFA
Overall market conditions don't look very good because of the stock market closed prices
IOTX/USDTgood level of support - .06210
Tested for the first time in February.
🔄 We are in a channel with a range of 75%, we have already touched the bottom twice, now we are very close to the third.
🤔Very similar to a triple bottom pattern, I am waiting for a bullish movement in the up channel to the zone 0.1-0.11
Buy: $0.063-0.066✅
Target 1: $0.10 (+55%) 🎯
Target 2: $0.12(+75%)🎯
Target 3: 0.15 (+122%)🎯
Stop Loss: $0.059🌚
