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Iotx

Ride the trend: IOTX-BTC Uptrend with volume What do I see? I see the uptrend shows power, it includes enough volume and it just broke the local resistance of the previous upswing, aiming for a new higher high. DMI indicators show that ADX has crossed the -DI line, and MACD is going up. It is a good buy above 0.00000566. RSI shows it is bullish and not yet overbought. The EMA’s are crossing. All the ingredients for a good trend upward. The target will be monitored, but I expect the previous swing high is possible. Risk Reward Ratio: Entry level: 0.000000567 - 0.0000058 profit target 1: 0.00000627 Stop Loss: 0.0000055 R/R ratio: profit target 1: 1:1.2 I did not enter yet, I have to be patient for a pullback. When zooming in on a shorter timeframe, we see that RSI is pretty overbought, and I have places my order a bit above +1 ATR. I'm not sure we touch it, and I'm a bit too afraid we won't get to the EMA, because the trend is strong. It is currently at +3 ATR on the 10m timeframe, so my order around +1 ATR should be picked in a short timeframe pullback. It's place around 0.000057. Question: Do you like this trade idea? Please give it a thumbs up! I would love to know if it was useful for you! If you can do so, I am thanking you in advance!
Long
by Tornado_Trading
2
IOTX 1h bullish setup Hello guys As it did hold 596 I'm looking for a bull break of this 1h EQ. imo this has a potential to break up, we'll have to wait for conformation. If this breaks bearish, 596 is the support to watch after that the support is 550 If you want to be more risky you can enter and set a stop below 636, but I'll wait for conformation just to be on the safe side. 1st target 710 2nd target 760 range Don't forget to like, subscribe and share good luck and thank you for tuning in !! tipjar: btc 1.77% 1.66% 17wEgVDCLGHjU7T9HRvaYdESopUeeDXJBY
Long
by t80260
1
I was right againHello guys Since my last post IOTX has dropped 17% as I expected, I've been so accurate these last days. xD What's next, so TA wise this was just a 1h oversold bounce rsi was 18 and there can be more downside to this. What's interesting is that we have a 4h bullish engulfing bar (10 min till close) what's making me think this is the bottom at this moment IF we hold 596 if not 550 is the level I'm looking to hold as support AND IF that doesn't 420 is the next level. what can we do in this situation? IMO we can start to scale in but with very small position size just to not get rekt if this drop further down and add more if it drops. The perfect play would have been if you had caught that faling knife around 600 range but that would be dangerous but very reward full. ps: if you want me to review a coin for you DM me, I'll see what I can do Don't forget to like, subscribe and share It doesn't cost you anything :) good luck and thank you for tuning in !! DISCLAIMER: The Legal stuff - I'm not financial adviser.
Long
by t80260
2
IOTX as of now bearish short term at leasthello guys We are still in a no trade zone for me personally. I took a a look at coinmarketcap to gain more info and got it. So at 420 sats 0.45% we broke out and then we consolidated for a few hours after that we broke out again and met resistance at 1170 that's the wick but closed at 932 range. if we can stay above 710 and go sideways for a while that will show some strength that the bulls may be have some power to take this higher again. What I expect is to break down and buy in cheaper at 550 if we get there of course. As of right now bearish if we can't hold 710 what I'm expecting not to hold. If we do great I'll happily buy the break out at 756. Don't forget to like, subscribe and share It doesn't cost you anything :) good luck and thank you for tuning in !! DISCLAIMER: The Legal stuff - I'm not financial adviser.
by t80260
IOTX/BTChello guys This is a new coin on binance. (EXTREMELY RISK-FULL) This is what I think can happen. As this is a low timeframe things can go bad very fast so don't forget to manage you risk the most important aspect to become a pro trader. If we can assume this was the 2nd wave down and we found support at the golden ratio we only can expect that the 3rd wave is in play. MY target is around 1300 sats and stop is a little below 850 (you can choose) R:R 10 Don't forget to like, subscribe and share It doesn't cost you anything :) good luck !! DISCLAIMER: The Legal stuff - I'm not financial adviser.
Long
by t80260
3