IOTX – IoTeX – hard working team and massive potentialHi Guys!
As everybody waits for the maturity on future contracts in the USA we have an interesting idea for you.
So this is a very good project a bit on infancy level but with huge potential and roadmap which is actually strictly followed by the team. They have on board over 20 people with solid experience in tech and in community management. Team members worked in such companies as Facebook, Uber, Google, Intel, Bosch, Microsoft, Amazon. They have a background from such universities as Stanford, Carnegie Mellon, MIT, Yale.
There are ranked at 46th position with 4/5 stars by coincheckup.com. Their current market cap is nearly $26 Million. IOTA, its older and bigger brother, is worth $1,36 Billion which is over 54 times more. There is a big room to grow.
This coin might be a sleeping giant. Seriously.
Moreover, IoT in general will be a huge business so the potential for growth is massive. Of course, it will take time but right now might be a good time to jump into the bandwagon.
Technical analysis details:
• Low on Fib scale
• Stable growth since mid-August
• Looks like bullish pennant formed – waiting for a bounce up
• Weis Waves – lots of demand and almost no supply meaning there is a pressure on the price to go up
• MACD – positive convergence
• Ichimoku Cloud – the chart has crossed TenkanSen and this has happened above the cloud which is very positive and healthy.
So Traders, what are your expectations for this project?
Do feel like it can surpass IOTA one day? In crypto everything is positive.
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IOTXBTC
[IOTXBTC] IoTeX Trade Signal [222.22% Profits Potential]IoTeX (IOTXBTC) Trade Signal:
- EMA10 and EMA50 bullish crossover.
- Uptrend since touching bottom on August 14.
- RSI, MACD and STOCH in uptrend and bullish zone.
Trade instructions for IoTex on Binance by Alan Masters
Buy in: 0.00000230 – 0.00000255
Targets for IOTXBTC by Alan Masters:
(1) 0.00000320
(2) 0.00000370
(3) 0.00000420
Stop loss: Close daily candle below 0.00000142.
Capital allocation: <5%.
Take your time to choose your trades.
More opportunities will always become available.
Namaste.
Short term Long IOTXBTC intraday trade: Bullish divergences
Short term Long IOTXBTC intraday trade: Bullish divergences
Expect to pullback to slow EMA
Triple Bullish Divergence with MACD-H
Bullish divergence with EFI
False breakout
Impulse system allows to go Long (yellow color)
Entry: 0.000431
Target: 0.000446
Stoploss: 0.000429
IOTX rejected at horizontal resistanceIOTX pushed below previous low around 0.00000481, closed and then returned to re-test the previous support, now acting as strong resistance. In a perfect manner, the price touched the horizontal resistance and immediately turned lower to create a shooting star - bearish candlestick pattern. We expect the price to rotate back lower and re-test recent low at 0.00000406, which represents a 127.2% extension. Furthermore, RSI is currently in the overbought territory and a move back lower is to be expected.
A perfect scenario with this background would be break through 127.2% and move to 161.8% - key Fibonacci extension level, which sits at 0.00000312. If you are looking to buy IOTX and hold in the mid-term, our advise is to wait for this level to be tested before dipping into the market.
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!
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
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good luck and thank you for tuning in !!
tipjar: btc 1.77% 1.66% 17wEgVDCLGHjU7T9HRvaYdESopUeeDXJBY
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
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It doesn't cost you anything :)
good luck and thank you for tuning in !!
DISCLAIMER:
The Legal stuff - I'm not financial adviser.
IOTX - The competitor of IOTAJust do a small comparison between IOTX and IOTA.
Now the marketcap of IOTA is $5 billions, IOTX is still very small, $60 millions, so it's very easy for you to predict the potential of IOTX ?
Buy: less than 700 sat
Take profit:
Short term: Fibo 0.5 ~ 850 sat
Long term: Fibo 1.618 ~ 1500 sat