Iotex
IOTX (IoTeX) , 280% gain ahead , finally did the breakout !hey yall ,
IOTX was making a descending channel for two months , now today we witnessed the breakout , time to RISE !
as you see in the chart , it's the time for the second top , in every cycle it does that ...
you can see the similarities between the cycles .
there is a MACD cross as well which is a good sign.
also here is the 4H chart , the breakout is obvious here :
targets are shown in this pic .
if you liked the idea , give it a like .
and if you wanna see more of these , follow , heck of analysis are on the way !
also tell me your opinions on this idea in the comments .
GoOOoOd LuUuUUuck
IOTX , repeating the cycle . 350% gain ahead.as you see , IOTX makes 3 tops in every cycle . so I checked each one and found a pattern in it . to find the second top , we just have to use Fibonacci retracement , and as you see, all the second tops are at 161.80% .
target : 0.28887
what do you think ? comment below .
and aye , if you liked it , hit the like 👍
🔥 IOTX Revived: Another Bullish WaveIOTX has seen a major bullish move during the first two weeks of August. Since then, IOTX has bled value and dropped over 50%.
During this time, IOTX found strong support at the 0.618 Fibonacci retracement level, or $0.07 in dollar value.
Over the last two days, IOTX has seen two strong moves, potentially indicating revived investors' interest.
Main target for the current move lies at $0.10, which coincides with the 0.382 retracement level. In the longer term, I'm looking at the current ATH as a target, based at $0.15.
Happy trading!
💥IOTEX NEXT MOVE - TO FALL BY 360% TO $0.021Please support this idea with a LIKE👍 if you find it useful🥳
This is a weekly chart with price currently at $0.0758. This chart clearly explains why a fall is going to take place. Price was unable to break the upper resistance trendline upward and a reversal followed.
Therefore I expect a fall by 360% to $0.021.
What do you think?
Share your opinion in the comment section✍️
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Happy Trading💰🥳🤗
🆓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)
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
IoTeX (IOTX) coin formed bullish Gartley for upto 45.5% moveHi dear friends, hope you are well and welcome to the new update on IoTeX (IOTX) coin.
Previously we had a nice trade of IOTX:
Now on a very small time frame 2-hourly time frame chart, the priceline of IOTX has formed bullish Gartley pattern.
IoTeX, Pump-and-dump Scheme or Sustained Rally?IoTeX’s (IOTX) cryptocurrency price reached a new all-time high above $0.12, becoming one of the hottest digital coins this week. Currently ranking as the 99th most valuable cryptocurrency, based on data from CoinMarketCap, IoTeX has a market cap of more than $800 million and a total supply of 9.6 billion.
Pump and Dump Price Structure
Is IOTX’s trend a pump and dump or a sustained rally? Well, the anatomy of a pump and dump price structure is fairly simple. The first element is a strong initial rally followed by a quick sell-off. In May 2018 and April 2021, IOTX's price somewhat exhibited this pump and dump pattern. However, in both instances, the volume was light, and the stochastic oscillator revealed overbought conditions.
This time around, the price is not showing overbought readings on the stochastic oscillator, and secondly, the volume is slightly higher. These two conditions might support the bullish case scenario.
However, the price must not retrace more than 50% from the current rally.
Looking forward: The bulls need to defend the considerable round number $0.10 to keep the bullish momentum going. Additionally, the weekly candlesticks need to not have a big upside wick because this is a sign of weakness. In May 2018 and April 2021, the price action presented weekly candles with long upside wicks, leading to a sell-off.
IOTXUSDTthis alt corrected more than half of its recent huge pump and that means bears were successful but you have to know the combination of bulls and bears to clear the path for each other and let the other one play their cards . . .
another proof for that is the weakening signals in the bearish bias in the lower frames which lowers the slope of the descending channel
👉This idea has the confirmation of "advanced price action"
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