Breakout of Descending triangle pattern in IOTEX* After a huge bull rally IOTEX formed a Descending triangle pattern in 2H hour time-frame.
* IOTEX breaks the support of the descending triangle and is retesting the same level.
* The 50 EMA is now moving above the price as resistance.
* After a proper retest we can expect a drop till $0.05900.
IOTXUSDT trade ideas
IOTXUSDT LongIotex broke the previous high at 0.075 and made a new high at 0.150.
It perfectly made a 61.8% retracement and tested back the previous high level range.
RSI is at healthy level. The next leg up will be a 3rd wave extension of 100%-161.8% to reach somewhere close to 0.250
Trade Setup:
Entry price: 0.075
Target: 0.20-0.27
Stop Loss: 0.045
RR: 8x
Profit: 300%
IOTX/USDT Triangle pattern - Preparing for the next waveIOTX/USDT has a massive pump last week and making a correction for the last few days. Currently forming a triangle pattern. Wait for the breakout and confirmation for entry.
Use the Green lines as Targets (resistance)
This is not financial advice please DYOR and place stop loss below $0.079997
IOTX PUMB OR DUMB !?Hello guys,
First post as i am quite new to crypto world and trading.
This is not a financial advice
IOTX rised 600% in 7 days and after the correction i still think if it breaks the 0.5 FIB LEVEL we might see another break out.
If not then most probably it will go down to 0.07c - 0.05c
I would appreciate any comments and let me know what you think about my idea !
Thank you
Good Luck
IOTX - Breakout or breakdown.IOTX went on a massive 550% bullrunn after coinbase listing.
A big correction is sometimes expected during such events. We started of forming a bearish HS reversal pattern. But we seem to have found support along with BTC.
For now it looks like we are forming a bullflag witch is a bullish continuation pattern.
Im watching this buddy close for a possible breakout if BTC goes 50K and beyond.
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 IOTX/USDTIOTX has recently been listed on Binance and so far it is doing great. Here is your chance to get your hands on IOTX.
Enter $0.09694 to $0.1
SL: $0.09413
Targets:
$0.10469
$0.11157
$0.11766
Do accumulate and hold on to your SL. 10% to 20% profit is on its way.
Note: This ain't financial advice. I have done my own research and trading at my own risk. So, do your own research before taking this trade.
Like, and comment.
Thanks.
IOTXUSDT$IOXTUSDT
As we have seen in the chart after the recent pump as at the 9th of this month to the 10th, we noticed a massive decline of price due to an increase in supply of this assets, though haven't seen any news due to fundamentals but I still see more dumps to buy liquidity zone which afterwards should be able to see some ranges before a pump once again!!!
we still give you guys more update once am fed up.
thank you 🤝
IOTX$IOXTUSDT
As we have seen in the chart after the recent pump as at the 9th of this month to the 10th, we noticed a massive decline of price due to an increase in supply of this assets, though haven't seen any news due to fundamentals but I still see more dumps to buy liquidity zone which afterwards should be able to see some ranges before a pump once again!!!
we still give you guys more update once am fed up.
thank you 🤝
IoTeX (IOTX) coin formed bullish Gartley for upto 45.5% moveHi dear friends, hope you are well and welcome to the new update on IoTeX (IOTX) coin.
Previously we had a nice trade of IOTX:
Now on a very small time frame 2-hourly time frame chart, the priceline of IOTX has formed bullish Gartley pattern.
IOTX ready to break fib resistance as volume is backInterest is back as volume oscillator showing spikes at resistance .
get ready to buy the break (have tight entry exit idea, as fake-out can be fatal)
Retesting ATH is highly possible, so DCA buy sell carefully.
if it didn't break resistance it will be likely to heading support for retest.
Good luck
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.
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