IOTA/USDT Keep an eye, If breakout is success, Back to upward!
💎 IOTA has recently displayed significant market dynamics. Currently, IOTA remains in a sideways trend after reclaiming the demand area.
💎 There are two potential scenarios: either IOTA breaks out of the bullish flag pattern without retesting the demand area, or it undergoes a retesting phase before breaking the pattern.
💎 In the event of a successful breakout, we could witness a significant upward movement, probability leading to a retest of our target strong resistance area.
💎 However, if IOTA retraces back to the demand area at $0.23 - $0.22 and breaks below it, the price may resume its downward movement. The next key level of support would be tested, and if it fails to hold, the price could decline further. In such a scenario, IOTA might revisit the strong support area for potential stabilization.
💎 There are two potential scenarios: either IOTA breaks out of the bullish flag pattern without retesting the demand area, or it undergoes a retesting phase before breaking the pattern.
💎 In the event of a successful breakout, we could witness a significant upward movement, probability leading to a retest of our target strong resistance area.
💎 However, if IOTA retraces back to the demand area at $0.23 - $0.22 and breaks below it, the price may resume its downward movement. The next key level of support would be tested, and if it fails to hold, the price could decline further. In such a scenario, IOTA might revisit the strong support area for potential stabilization.
Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
JOIN FREE👉 t.me/+IaNzEzXsdiBlNDg0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
JOIN FREE👉 t.me/+IaNzEzXsdiBlNDg0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.