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IoTeX / TetherUS PERPETUAL CONTRACT

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IOTXUSDT.P trade ideas

IOTX// Widening ConeIf you've seen any of my recent posts, more so $DATA, you will notice Im starting to lean towards a bar replay fractal type of analysis. Why? Because from what Im seeing in the market, in some coins price is printing the same patterns over and over. This could be due to psychological reasons or simply bots. I plan to eventually figure out exactly how to tackle these patterns to take full advantage. Looking at IOTX we can see the same sequence of events at least 3 times. Price wicks the top, forms an M, then rises. This happens two times before, and now we're currently at the nose of the new M. Other reasons that suggest this may be a good area to buy into include: Price pulled back to the nearest structure, which was a previous area of strong resistance now turned support, which is also the golden ratio 61.8%. This area is also the top of the last M pattern. It would be wise to wait for price to settle on this zone and show signs of reversal before entering. Check out my linked ideas for more on this theory.
by N0ST0PL0SS
2
IOXTUSDT pump?IOTX Price $0.04378686 Market Cap $281,528,192 Market Cap Dominance 0.01% Trading Volume $58,681,142 Volume / Market Cap 0.2081 24h Low / 24h High $0.04179119 / $0.04541428 7d Low / 7d High $0.04298659 / $0.051949 Market Cap Rank #208 All-Time High $0.082849 -47.3% Jun 01, 2018 (almost 3 years) All-Time Low $0.00121576 3491.2% Mar 13, 2020 (about 1 year) Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you. Good luck
Long
by GIAPDUCLONG
2