IOTXUSDT trade ideas
Internet of THINGS IoTXThis is something that will continue to show application in comparison to tokens that only hold value. Bitcoin has moved in the direction of smart contracts which allows us to buy and sell NFTs (when the contracts are in place) this shows that the people know where the value is. IoTX will allow us to have real world items communicating with each other.
IoT or internet of things...
Imagine this. You wake up and pressure sensors under your feet pop a bagel that was already placed there into the toaster. it starts the coffee pot automatically. It turns off your alarm. Turns on your lights. Opens your curtains. Turns on music.
Currently Amazon Echo, Google home already are pushing to do this with their devices in home with the voice feature "Good morning" to create a routine. the devices aren't connected yet though. These tech giants are placing themselves in the perfect position to take the largest part of the market share of the IoT devices though. They will be considered the central hub unless a decentralized server can do this for us.
IOTXUSDT - CONSOLIDATION BEFORE ANOTHER LEG UPIOTX since its huge recent bullish move is cooling off and consolidating in the form of this large bullish pennant, there is still a lot of room inside the pattern to play out yet but we will be looking to load up on longs at the support of the ascending trendline of the pennant, only if we see correct confirmations.
Entry IOTX @ $0.065 Target $2.60 Aug 14, 2023Iotex Protocol Token
Entry IOTX @ $0.065 Target $2.60 Aug 14, 2023
Entry IOTX @ $0.060 Target $2.60 Aug 14, 2023
Technical Chart Analysis Conditions:
1. Establish Tripple 1-2-3 Bottom
2. Break of Channel $0.15
3. Pull-back toward $0.05
4. Ideal Entry @ $0.05 to $0.07
5. Target @ $2.60 to $4.60
Fundamental Asset Descriptions:
IoTeX combines secure blockchain tech with the Internet of Things (IoT).
Track and use data from connected devices. Trade on our decentralized exchange.
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Bitmart pro Exchange : www.bitmart.com
Project Website: iotex.io
IOTEX IOTXUSDT - FALCON WAVES IOTEXUSDT is looking good here and moving towards target B where wave B of Falcon wave finishes.
Falcon Wave is a 3 wave pattern developed by me (Falcon Trader) on Trading View. We go down in Wave A, up in Wave B and down in Wave C.
IOTXUSDT was one of the first few coins that started moving yesterday after big BTCUSDT dump. During this time, Falcon Waves targets were planned. This is a 1H ime frame level and we can get to these targets fast. DO your own research.
Follow me on Trading View. You can also message me on Trading View. I will reply.
IOTX READY TO BOOMTechnically we are still bullish and many more fundamentals. I believe so much in IOTX.
IOTX, which has been constantly on the rise for the past few weeks. The surge in IOTX price comes mainly from the partnerships announced by the company. The company made back-to-back announcements regarding their partnership with Travala.com and NOWPayments. The tie-ups with the companies saw investors splurge more into the coin as it began to build a stronghold in various sectors. Yet another possible reason for the bullish run of the coin could be the IoTeX’s conference that took place on Tuesday which seemed to have had a positive effect on the coin’s investors.
IOTX’s surge can be considered a positive for all investors of the coin but it still hasn’t ‘exploded’. The coin could continue the rally and set yet another all-time high in the next few hours. However, this wouldn’t become possible if investors keep booking profit on the coin’s surge. Several cryptocurrency coins including Ethereum, Solana, Shiba Inu and the market leader Bitcoin are all on the bull run. For IOTX to keep a positive valuation rise, the surge needs to continue. According to investors, IOTX, owing to its constant development could set new highs in the coming days but reaching the USD 1 mark doesn’t seem possible in the next two to three years.
💡Don't miss the great buy opportunity in IOTXUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.1778).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. IOTXUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 0.2037
TP2= @ 0.2205
TP3= @ 0.2350
TP4= @ 0.2625
TP5= @ 0.2752
SL= Break below S2
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💡Don't miss the great buy opportunity in IOTXUSD Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.1778).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. IOTXUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 0.2037
TP2= @ 0.2205
TP3= @ 0.2350
TP4= @ 0.2625
TP5= @ 0.2752
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
🔥 IOTX Huge Fall Incoming: 2-Year ChannelIOTX has been one of the big winners of November, where it gained around 250% at some point.
However, IOTX has seen a strong rejection from the top of the bullish channel. I doubt that IOTX will touch the lower bound of the channel in the near future (unless we get a massive BTC sell-off), but I doubt that IOTX will continue to make new highs in the near future.
We could very well see a 50% drop in the coming weeks/months. See my analysis of XTZ below for a comparable pattern.
Happy trading!
Iotex I think 200% pump is comingIotex almost did great so far and now more to. Come hype around the project and entering to mataverse and machinefi
Strong support level 0.1802
Resistance at 0.2034
Now here nice to take some position stoploss near 0.179
Targets
0.25/ 0.28/ 0.30/ 0.42
My target for long term is 2$
Short term targets are mentioned.
#dyor #nfa