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IoTeX / TetherUS PERPETUAL CONTRACT

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IOTXUSDT.P trade ideas

SWING TRADE - INTRADAY IOTXUSDT - LONG POSITION!!!FUNDAMENTALS!!! Starting as an open-source project in 2017, IoTeX has built a decentralized platform whose aim is to empower the open economics for machines — an open ecosystem where people and machines can interact with guaranteed trust, free will, and under properly designed economic incentives. Therefore, this coin is one of the most powerfull coins to those who understands tech business. And guess what!!! Techies does have a lot of money to invest, hence, market cap of this coin will increase pretty soon and because of limited circulating supply it's value will sky rocket very soon(this makes this coin very good for long term holding). TECHNICALS!!! IOTX has enjoyed last 3 days alot and remained in the limelight of strong gainers, It's RSI remained above 90 for past 3 days, but since last 6 hours RSI has droped but price is still have not droped drastically, it means that investors belive in this project. We are estimating this downtrend is just a retracement for and wave to come in very near future. Indicators indications are as below; a. 1hour time frame - RSI is showing below 30 making this coin value undersold. Potential reversal will happen. And this reversal will be very short lived. So, Entry and exit points on the Chart!!!!! Best of Luck.
Long
by engrirfansiddiqui
1
IOTXSUDT BROADENING DESC. TRIANGLE Iotx has been a great coin with high potientials since the offset of the month of august. After a wide consolidation that happened for months, iotx has spiked up to hit the regular target of the ascending trendline. At the moment, iotx has bounced with over 400% ROI but the specified target is inevitable for iotx. Price has risen to a certain level to retest the previous ath which was successful and we saw price bounced from the new support zone. The main target has been listed on chart. For any entry above this support zone put a stop loss underneath the previous ATH. Your likes and opinions would be much appreciated, you can follow up for more helpful contents and do follow my comment sections too for quick updates.
Long
by Pearl-A
3
IOTX Channel with Upper and Lower limitsThis is a curved projection channel created upon a bounding box. The chart is presented over a log price scale. For its creation we use 3 "moving averages" that cover the center, upper and lower boundaries for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters. I have added a dotted path that represents a correction to the uptrend movement, but has weak fundamentals to support it. It's rooted onto the idea that the upper curved channel reached a limit and has to correct first, then later attempt to keep the bull route. Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
by heroselohim