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IOTXBTC

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
IOTXUSDT⚠️✅⚠️ Breakout Incoming, pay attention!💬 IoTeX (IOTX) looks like it is gearing up to break resistance. Let's analyze this bad boy of blockchain and Chainlink partnerships to see if the bulls can break on through or if the bears will end the glory here. Hit that 👍 button to show support for the content! Help the community grow by giving us a follow 🐣 ----- Support: S1: The first support level is the S1 orderblock. Anything more than a quick wick down to here breaks our current bullish structure of higher lows. So even though there is support here, it should be viewed cautiously. S2: The S2 S/R flip is a logical place to find support. The momentum of the current move would be lost here, but that doesn't mean this support can't or won't hold. S3: If needed there is also the S3 orderblock range. Anything below this changes our overall bullish outlook on IOTX. Resistance: R1: The R1 orderblock at the previous swing high is our first point of resistance. We'll be looking for this to act as support once broken. R2: The R2 high from the initial move up back in May is the last point of resistance. What the bulls will want to see is a move up to R2, support found at R1, and then a push higher through the Multi-timeframe resistance noted below. Daily Multi-Timeframe: There is a major price pivot point that is currently acting as resistance. It is the potential to break this and for the USDT pair to make new highs that has us excited. Let's go bulls! BTC 4h Multi-Timeframe: You can see that the current daily USDT range is also significant on the 4h for the BTC pair. While there is a rather large range here to consider, this chart illustrates what we are looking for. We want to see an ABC move above this resistance, with a retest of it, before moving higher. ----- Summary: This play is all about breaking resistance with the current momentum, so a retest of lower ranges is pretty far outside the scope of what we are looking for. We want to see a run now, do you think we'll get it? Resources: cryptobriefing.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨
by AlphaBotSystem
2
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) 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.
by AlanSantana
IOTXBTC | Descending Triangle | Apex | Trade Setup Todays chart – IOTXBTC – testing resistance of the descending triangle formation as it nears the apex. Points to consider: - support and resistances converging (apex) - Trend bearish (consecutive lower highs) - Bullish Price action (testing resistance) - Support confluence - RSI above 50 - Low volume IOTX has formed a mature descending triangle (typically considered a bearish formation) however price action is showing strength with multiple breakout attempts as it nears the apex. Structural support and the 200 EMA being in confluence puts a strong emphasis on the level being a strong support zone. RSI trading above 50 showing strength in the market supporting the bullish bias. The volume is clearly declining, an indication that an influx is imminent coinciding with the probable breakout Overall, in my opinion, IOTX needs to break and retest structural resistance with volume follow through for a valid long trade to structural resistance. What are your thoughts? Let me know in the comments below! Be sure to leave a like and follow me for daily chart updates. As always, focus on you - and the money will too!
Long
by Kudiiee
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