IOTX looks a rocketWe seem to be inside a large diametric.
We now seem to be in wave D of this diametric.
Wave D looks like a normal contraction triangle.
We are looking for buy/long positions on the green range.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Iotxanalysis
IOTX/USDT Ready for Next Upward ?? Iotex Today AnalysisHello Paradisers, turn your attention to a coin with potential!
💎IOTX has emerged from its descending channel pattern and is currently attempting to breach the supply zone. If it struggles to surpass this supply, IOTX might retreat to the demand zone between 0.01760 - 0.0173, before potentially resuming its bullish ascent.
💎For those considering an entry, you might either anticipate a clear break above the supply or patiently wait for a touch within the aforementioned demand range.
💎Stay vigilant, ParadiseSquad! 🌴 This analysis might need reconsideration if IOTX concludes the day below the 0.001650 mark.