IOTXUSDT (IOTEXUSDT) - POTENTIAL BREAKOUT ANALYSIS 🔎
- IOTXUSDT is printing an ascending triangle (AT) pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Stop limit entry : breakout above the ascending triangle's horizontal resistance.
- Limit entry : test of the ascending triangle's inclined support.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
Iotex
IoteX showing its resilienceI'm invested in Iotex so i hope to see a continuation to the upside maybe not immediately but if bitcoin manages to consolidate for a longer period on the current levels we might be alright right? xD
notes are on the chart.
# I am not a financial advisor, i do this for fun :) Trade at your own risk, remember ALOT of people lose their money.
IoTex (IOTX) Bull Confirmed, Huge Potential!The growth action that will ensue on this chart has been confirmed, strong bullish action detected.
Here are the main three signals we spotted a second after looking at this chart:
1) The "cup pattern" is now common between many altcoins that are breaking bullish and growing big.
2) High volume is one of the best indicators to confirm a "real" move.
3) Moving above EMA50 is a basic milestone that needs to be reached before any pair can really move higher.
IOTXBTC printed all three with many more...
Get ready, because this altcoin pair will also continue to grow.
Thanks a lot for your continued and amazing support.
To support this content and get more, all you have to do is hit LIKE, leave a COMMENT, and send us some LOVE!
Namaste.
✳️IoTeX/BTC Analysis (21/12) #IOTX $IOTXIOTX is at the 30sts strong support zone, which can help push the price of IOTX up again in December and January.
IOTX will head towards the resistance zones of 40sts, 55sts and even 75sts.
However, the market is still not stable so IOTX can still drop to 25sts, so we should have back-up money for this zone.
📈BUY
-Buy: 28-30sts
-Buy: 23-25sts. SL if B
📉SELL
-Sell: 38-40sts if B. SL if A
-Sell: 53-55sts if B. SL if A
-Sell: 73-75sts if B. SL if A
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
✳️IoTeX/BTC (20-10) #IOTX $IOTX #IOTXBTC50-55sts is the start point of the last rally of IOTX and now we can see a quick pump on it. So this zone is quite good for us to buy in.
Targets should be 65sts and 80sts, these levels are very important and these levels refused IOTX in October, so it will get some selling pressure in these levels.
The lower support is 45-46sts that we will trust in.
IOTXUSDT analysisBuy 1 and bull signal say we can buy. Here is my analysis:
1. We can buy when risk/reward ratio is greater than 2, we can buy at 0.0081
2. We can buy at support = 0.007usdt
3. We can buy when resistance turns to support (1D open & close above resistance) = 0.011usdt
Since there is an existing sell2 signal, either sell 1 or bear signal is required for sell decision. We must also sell if the chart goes 1D open & close below the support line.
IOTXUSDT ANALYSISI have 4 positive signal it is above the support(horizontal now) line
If you cought with 50 ma cross 20 ma buy signal you got x5 profit
If you cought with Moon signal you got x4 profit
If you cought with Bull signal you got x2 profit at this chart that is why you should use EngineeringRobo
If you want to buy this coin it is ok to buy now but watch carefully EngineeringRobo signal
If you hold this coin don' t hurry to sell it watch EngineeringRobo' s sell signal
Finally and Unfortunately EngineeringRobo gave Sell 1 & Sell 2 and Sell 3 to Bitcoin, I am not strongly recommending to buy any altcoins at the moment
If you want to use EngineeringRobo please dm me. Have a good trade
IoTex (IOTX) Bullish Beak! [UPDATE]I am really happy to see IoTex (IOTXBTC) deciding to break bullish since I bought another bag just recently... It is always fun to see prices move shortly after buying.
Here is the same chart drawing shared on the 2nd of July.
Pretty clear, very simple... All the targets are clearly marked.
IOTXBTC Chart Analysis/Signals
We have prices moving above all the MAs/EMAs on low volume...
Since the cycle is bullish, the low volume can be taken as a continuation signal, meaning that we can see additional growth.
Closing daily above 74 satoshis (0.00000074), would signal additional strength and tells us that our next target is getting close.
Let's see how it goes, we are aiming for a higher high on this new wave.
This is not financial advice.
This chart analysis is not meant for you to trade.
Remember to do your own research and have your own plan/strategy before you trade.
Namaste.
---
Previous chart | July 2
IoTeX (IOTX) Prints Strong Consolidation
IOTXUSDT ANALYSISBased on my analysis, the candles are stuck between dashed line and the horizontal line(0.008227). In my opinion, the candles cross and pass the last horizontal line(0.008227) very soon. Therefore,
If you wanna a little risk, you will buy it now, or
you wait a few days and when you see the candles will open and close above the horizontal line, that time you may buy it.
Your choice, but if you ask me, I would prefer to wait until pass the line.
Besides, I prefer to look at EngineeringRobo's signals as well. :))
IoTeX (IOTX) Prints Strong ConsolidationIoTex (IOTXBTC) is looking good.
After the recent bullish breakout, which took place in late May, we have a retrace with no strength.
No strength on the retrace is good for the bulls.
We are having strong consolidation and prices trading above EMA10 and all the major EMAs that are shown on this chart... What this means is that IOTXBTC can easily move up .
The RSI is ultra-strong and the MACD is showing a bullish cross... IOTXCBTC can easily resume its uptrend and continue to grow.
Conditions for change
If prices move below MA200 (0.00000044), this analysis is invalidated and a new one is needed.
Thanks a lot for your support.
Namaste.
IoTeX (IOTX) Token| Another 1000% Bullish Wave On The WayHi friends hope you are well and welcome to the new update on my IOTEX token. The IOTX has surged more than 200% and in today's article we will try to understand how this token completed its bullish setup and how it has competed another setup for more powerful bullish rally.
Down channel and synchronized move of price action with indicators:
Since August 2019 the price action of IOTEX was moving in a down channel and this move on was very much synchronized with some indicators: the Momentum, Stochastic and moving average convergence divergence MACD indicator. If we take closer look at the chart then we notice that 1st the price action reached at the support and the momentum indicator turns bluish and the stochastic gave bull cross from the oversold zone and MACD also turned bullish and priceline of IOTX started more than 124% rally. And in the month of October 2019 the price action again reached at the support then we again receive the bullish indications by the same signals and this time the IOTEX produced more than 29% bullish rally.
In December 2019 IOTX received the same bullish signals by these indicators this time the priceline did not reach up to the support and it was moving sideways at the middle of this channel. And from here the priceline moved up and produced more than 55% gains. Then the priceline again dropped at the support in the month of March 2019. And we can observe the same bullish signals by the stochastic, Momentum and MACD indicators in the last week of March then again price action turned strong bullish and produced more than 200% bullish rally. This time the price line of IOTX produced most powerful rally because the IOTX announced the launch of mainnet on 1st June 2020.
Moon phase and Bollinger bands:
On the same daily chart I have also placed the Moon phase indicator and on the chart it can be seen that above the price line are the full moons and below the priceline are the dark moons. The distance from one full moon to another full moon and from one dark moon to another dark moon is called synodic cycle. And this synodic cycle is 29.5 days long. Before the recent strong bullish move we can see that recent full moon was appeared below the resistance of the channel. And the dark moon was a appeared below the support of this down channel that was bearish signal and it was indicating that the pipeline will be not able to break out the resistance of the channel. And if we see the position of the bollinger bands then it was also very sqeeze and it was also within the channel. Therefore IOTEX had another resistance before the resistance of the channel that was big hurdle for the price action to reach up to the resistance for the breakout.
But now after the recent strong bullish move the new moon is a appeared at very high altitude and the Bollinger bands is also moved above the resistance and stretched that is a clear indication that it is paving the way for the priceline for the breakout. Therefore it is expected that the next dark moon will be appeared above the support of the channel.
Support and resistance levels:
Now if we switch to the long term weekly chart to see the long-term support and resistance levels. Then after the bearish move of March 2020 the price action found a new support at 0.00000029 sats. And it is bounced from there and crossed up the next resistance level of 0.00000029 sats. Now the price action is moving sideways or it may re-test the previous resistance as a support and move to the next resistance level of 0.00000073 sats. Once the resistance of 0.00000073 sats will be broken out then upto 0.00000157 sats the priceline of IOTEX does not have any significant resistance between this area. Therefore from 0.00000073 to 0.00000157 sats the move can be rapid. And this move will be more than 115%.
Short term harmonic move:
On daily chart the priceline of IOTEX has formed a complete Gartley pattern and at this time the price action has entered in the potential reversal zone of this Gartley. After initial leg the nex leg that is A to B has been retraced between 0.618 0.786 Fib level that is the first confirmation of the Gartley pattern. Then the priceline is projected between 0.382 to 0.886 Fibonacci projection and this is a projection of A to B leg. And this is the second confirmation of Gartley. Now finally the price action has again retraced between 0.618 to 0.786 Fibonacci level and after this retracement the Gartley pattern is confirmed. Therefore as per Fibonacci sequence the buying and sell targets can be as below:
Buy between: 0.00000049 to 0.00000039 sats
Sell between: 0.00000057 to 0.00000077 sats.
so this Gartley can produce upto 97% big bullish move. However if the priceline will be able to cross up the 0.786 Fibonacci projection then it can turn even more bullish.
Long term harmonic move:
On the long-term weekly chart the price action of IOTX has completed the formation of very big bullish butterfly pattern. After initial leg the A to B leg is retraced between 0.618 to 0.786 Fibonacci level. Then B to C leg is projected between 0.382 to 0.886 Fibonacci projection. And this is the projection of A to B leg. Then finally the price action has been retraced between 1.27 to 1.618 Fibonacci retracement and at this time the price line is moving within potential reversal zone of this butterfly. Here I would like to tell you that on the chart if we observe then 1.618 level goes in the negative zone and it is not possible for the priceline to enter in the negative price level. Therefore the potential reversal zone is from 0.00000062 sats to 0.00000001 sats, but it doesn't mean that I am giving you a suggestion to buy within this potential reversal zone and set your stop loss at 0.00000001 sats as it can be a big loss. As we have seen that the recent support of the price line is 0.00000029 sats therefore we can buy within the potential reversals zone and set our stop loss at 0.00000029 sats. Now as per Fibonacci sequence of bullish butterfly and the recent support level the buying in sell targets can be as below:
Buy between: 0.00000062 to 0.00000029 sats
Sell between: 0.00000167 to 0.00000344 sats
So as per above targets the IOTEX has potential to
produce up to 1000% big gains.
Conclusion:
Even after producing more than 200% rally the price action has again completed the bullish setup for the next strong bullish rally on the short time and on the long term as well.
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
How High Can IoTeX Go ?IoteX/Tether
Disclaimer:
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature,
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
IoTeX Takes Off, Will It Go Higher?IoTeX (IOTXBTC) on Binance is starting to move, right now prices are challenging MA200 (black line).
Now, will it go higher?
Looking at the strong action the other altcoins are printing, huge growth, it is very likely that IOTXBTC can also do more.
It is good to play it safe and secure profits on the way up.
Follow your strategy...
Enjoy the results.
Namaste.
IoTeX Getting Ready For Action | Aiming At 100%+IoTeX (IOTXBTC) hit a peak back in early October, went on a retrace and it has been consolidating since.
The retrace for the last bullish wave hit below 1 Fib. retracement support and now is trading at 0.786 Fib (0.00000050), this is also marked by EMA10.
If IOTXBTC can be conquered the 50-52 satoshis, EMA10 and EMA50, it can easily move higher. The next target is set at 100% of profits.
This is just a quick analysis, additional details can be found on the chart.
Make sure to have a plan/strategy if you decide to trade.
This is not financial advice.
Namaste.