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IoTeX / TetherUS

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IOTXUSDT trade ideas

IOTXUSDT → The pair may rise to 0.065. Waiting for confirmation BINANCE:IOTXUSDT is showing bullish momentum amid a correcting cryptocurrency market along with the flagship. The price is trying to break trend resistance. What can come out of it? On the high timeframe, the price forms a false breakout and a small correction relative to 0.04400. A retest is formed and the price returns to the resistance. On the background of pre-breakdown consolidation and another retest, the market has chances to break this line. Consolidation of the price above 0.04400 will show a bullish potential for purchases. On H4 we see a local downtrend and the price going beyond the resistance, which is a good signal for the medium term. The next hurdle is to overcome 0.04400. On H4, the price is trading above MA-50 and a retest of MA-200 is formed. Support levels: MA50, 0.04110, 0.03900 Resistance levels: 0.0440, 0.04888 There is a signal for a possible growth of the cryptocurrency pair, but to confirm this signal the market needs to overcome 0.0440 and consolidate the price above this line. Regards R. Linda!
Long
by RLinda
3
IOTX/USDT Reclaimed above the resistance, Continue Bullish move?💎 IOTX has been making notable strides in the market lately. It has successfully reclaimed its position above a key resistance level, which could be a positive indicator. 💎 Following its retesting phase, IOTX is poised for a probability upward trajectory as it aims to challenge the Bearish OB zone once more. However, should IOTX close below the resistance area daily, it could signify a false breakout. In such a scenario, there's a likelihood that IOTX might resume a downward movement, heading toward the demand zone. The demand area is critical for IOTX's recovery and upward continuation. A strong bounce in this zone is essential to prevent further decline. Failure to maintain momentum in this area could result in IOTX descending towards the support level, and possibly even lower, underscoring the significance of this juncture for its market trajectory.
by MyCryptoParadise_Nathan
IOTX - Descending Triangle - Potential Long Potential long trade with a break and retest of 0.051. At the beginning of the month we completed a formation of a descending triangle as seen here. The recent bearish price action appears to have been a false break to the downside (for now), however we will continue to watch closely BEFORE entry. The bounce at 0.039 did happen to occur at the 0.618 Fibonacci zone, however it would not be far fetched for price to continue lower for further liquidation before we see a significant rise in price.
Long
by NurseTrade
IOTX/USDT Process for retesting phase at the support!!💎 IOTX has notably captured the market's attention, especially after breaking through a key resistance area, which led to a substantial upward movement. However, IOTX hasn't yet entered a retesting phase at what was previously a resistance level, now acting as support. 💎 Recently, IOTX has shown a downward trend toward this support area, potentially signaling the start of a retesting phase before it can resume its upward trajectory. The Probability next notable target in this journey is the bearish OB area. 💎 During this critical retesting phase, it is essential for IOTX to demonstrate a robust bounce off the support area to continue its upward momentum. If IOTX fails to sustain above this support, there's a possibility it could break below this level, retreating towards the bullish OB zone around $0.028. 💎 The bullish OB zone at $0.028 becomes a crucial area for IOTX. For IOTX to maintain its bullish trend, a strong rebound from this level is necessary, aiming to surpass and sustain above the former resistance level. This rebound is crucial for IOTX to continue its ascent towards the strong resistance. Conversely, if IOTX fails to hold this bullish OB level and breaks down, it could indicate a shift towards a stronger support area.
by MyCryptoParadise
IOTX_USDTIoTeX (IOTX) has shown correction following its recent breakout and substantial rally. We anticipate two levels of support at this point, potentially leading to a resurgence and promising profit opportunities. Considering a long position here could allow us to ride the upward momentum towards the next resistance level indicated on the chart. However, it's crucial to exit if this support falters, employing leverage cautiously between 1x to a maximal 3x, and setting up a stop loss accordingly. Alternatively, monitoring the daily timeframe and exiting based on its fluctuations if this support level is lost could also be a viable strategy. Overall, IoTeX looks poised for a rebound in this scenario.
Long
by Seahawks_
IOTX Don't Miss Out! Grab the Bull by the Horns and Invest Smart**IoTeX (IOTX)** **Fundamentals** IoTeX is a blockchain platform that aims to connect the Internet of Things (IoT) devices with decentralized applications (DApps). The platform uses its native IOTX token to power its network and facilitate transactions between IoT devices and DApps. IoTeX is designed to be scalable, secure, and interoperable, making it a promising platform for the development of innovative IoT applications. **Recent News** * **IoTeX partners with the XinFin Network to expand cross-chain compatibility:** IoTeX and XinFin, two blockchain platforms, have announced a partnership to enhance cross-chain interoperability. This partnership will allow users to transfer assets between the IoTeX and XinFin networks, enabling seamless communication and value exchange between the two ecosystems. * **IoTeX integrates with Eluvio to enable decentralized media streaming:** IoTeX has integrated with Eluvio, a decentralized video streaming platform, to enable secure and transparent media content distribution. This integration will empower IoTeX users to view and share high-quality media content without compromising privacy or security. * **IoTeX expands strategic partnership with Chainlink to enhance oracle services:** IoTeX and Chainlink, two leading blockchain oracle providers, have strengthened their strategic partnership to enhance the accuracy and reliability of oracle data on the IoTeX network. This partnership will ensure that IoTeX applications have access to real-time and reliable data feeds, powering decentralized applications that rely on external information. **Disclaimer** It is important to note that the cryptocurrency market is highly volatile and that the value of IOTX can fluctuate significantly over time. Investors should carefully consider their own investment objectives and risk tolerance before making any investment decisions. Please note that this information is for educational purposes only and does not constitute financial advice.
by MoonTradingForecast
IOTX/USDT Break key level area. Ready to continue Upward Move??💎 IOTX has undoubtedly made a significant impact on the market with its impressive ascent. It has successfully broken out of the supply area, signifying a promising development. Currently, IOTX is showing a bullish trend characterized by a series of higher lows. If this trend persists, IOTX has the potential to continue its upward movement, establishing new higher highs and potentially reaching our target supply area. 💎 However, if IOTX fails to establish a new higher high, there's a chance it may consolidate in the demand area at $0.0214, preparing for another bullish momentum. 💎 In the event that IOTX retraces to the demand area at $0.0214 and doesn't demonstrate a rebound, there's a possibility that IOTX could break through the demand level and descend to the lower demand at $0.0193. In this scenario, it becomes critical for IOTX to execute a successful bounce to reclaim the $0.0214 level if it intends to sustain its upward trajectory. 💎 If IOTX further retracts to the lower demand area and doesn't show signs of a rebound, this increases the likelihood of IOTX breaching the demand area. Such a development suggests a bearish trend and raises the possibility of IOTX continuing its descent, potentially returning to the strong support area.
by MyCryptoParadise_Nathan
2