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.
