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IoTeX (IOTX) Buy ZoneIoTeX (IOTX) Buy Zone -------------------- BIAS Mid-Term : Bullish Risk : Medium Our short-term market structure has once again become bullish, IoTeX after the violent drop towards $0.0735 zone we saw less than 3 days ago and the even faster buy back immediately after it. -------------------- $IOTX/USDT LONG SETUP Leverage : x3 - x5 Entry Price : 0.0755 - 0.072 TP 1 : 0.078 TP 2 : 0.08 TP 3 : 0.083 TP 4 : 0.08575 TP 5 : 0.088 TP 6 : 0.0915 TP 7 : 0.09355 TP 8 : 0.0978 Stop Loss : 0.0698 *Maximum 3% of Portfolio. *Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry. --------------------
Long
by Zerene
IOTX/BTC (Weekly Key Level Support)💎Technical Analysis Summary💎 BINANCE: IOTXBTC -IOTX is now trading at key level of support on the weekly chart -There is sign of Bullish reation on this key area -So technically, it is not yet a good buy signal -Once the candle weekly candle closes -Zoom in on the 1 day chart and wait for any reversal signs -With this, you can reduce the risk and have a perfect entry point A big Thanks for donating 💰 via Tradingview coins this week to billstenzel 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
6
IOTX/BTC (Key Support @ 50 sat?)IOTX/BTC -After hitting the 91 sat range, the price has now fallen over -38% its value -If I'm looking for Buy swing point entry, Key areas are very important -The level needs to be watching is the 50 sat range, why? -Because is a confluence of multiple factors -We have the previous support and resistance level -200D MA as dynamic support and also the golden Fib ratio .618 -This will be a high probability Buy setup -Provided the market (Bitcoin) condition will be in your favor -Trade wisely, and please always have a concrete plan before execution
by PolarHusk
1
IOTX looking BEARISH1. MACD histogram showing the bearish divergence. 2.Also the the candle are touching the weekly resistance level. They are going to retrace from there and going to test the daily support at 69. and it breaks 69 we may test 58 daily zone. 3.IOTX has to find a strong support in order to continue the upward trend. 4. Candles have reached the upper layer of Bollinger band, it also indicates the bearish or retracement from here. 5. Volume has also been exhausted which is an indication for bearish movement.
Short
by SmartMaxi
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.
Long
by moon333
5
The Internet of Face Melting Mainnet Gains 🤑 | IoTeX ($IOTX)🤯 If you haven't heard of IoTex (IOTX), then you haven't been watching Binance charts. IOTX has been an absolute beast! That is likely in no small part to a mainnet launch coming up on June 1st. The reality is this Mainnet, launch titled "Machina," could be longterm bullish or just short term for IoTex, but for us this doesn't matter. Our goal is to map out some key levels of interest for anyone looking to go long into the mainnet launch. Two key levels to watch for support are S1 and S2. S1 is a great place to find support if we are going to retest or even breach the previous high before June 1st. At S2 things start favoring the bears, as S2 is a perfect setup for a dead cat. S3 is the last level of support we are watching short term, but this is where bears need to consider a potential short. Meanwhile to the upside, R1 is the main resistance level to watch, although the current range could also become a notable resistance if we travel lower. In general here, as exciting as the new tech is, traders should keep in mind what makes this chart attractive is the momentum and current clear uptrend. If the momentum and uptrend are lost, we are likely not to be looking to chart this one again for a while. (GG Bears) Resources: twitter.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉
by AlphaBotSystem
3