IOTXUSDT trade ideas
IOTXInternet of things
Down ~93% from Aths
~95% was the ath-
Up5x from last cycle and its a 12x if aths are revisited from here
Broken out of long term falling wedge structure..
You can't see it on this time-frame but the obv has been in a slow uptrend since the initial ath sell-off..
And the macd started curling up on the weekly..
If there isn't another massive catalyst sell off event then the oversold market should hold this range and start to build a platform for a htf slight mean reversion event
IOTXUSDT - IoToX is stronger amid a weak market BINANCE:IOTXUSDT is proving strong amid a weak market and the fall of the flagship cryptocurrency. A dense pre-breakout formation is forming on the chart, which can give a great move if a number of conditions are met
BINANCE:BTCUSD is declining, the market failed to strengthen above 28000 and the price is falling to 26000. On the background of the 5-day fall of the flagship IoTeX / Tether feels quite confident. Growth and resistance breakout is formed. Consolidation formed under resistance will be enough for resistance breakout and active momentum formation. Altcoins periodically get potential at the transition of capitals between assets, which is most likely formed and IOTX. Earlier MA-50 was broken and the price is preparing to test MA-200 in the near future. The breakthrough of the second one will give a good leverage for growth. Targets in the medium term should be considered 0.02386 and 0.03036.
Support levels: previously broken figure line, 0.01610.
Resistance levels: 0.01866
I expect consolidation above the range and subsequent breakout of 0.01866 resistance.
Regards R. Linda!
IOTX is close to dropIOTX has been bullish for several days and buyers are pushing the price higher.
Examining the IOTX waves, I realized that we are going up for a diametric bullish F wave.
The red range is the limit the IOTX can go down for a diametric G wave. Be careful with this range.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Bullish Momentum Alert: Buy IOTX for Maximum Gains**Short Fondamental**
IOTX is the native token of the IoTeX blockchain, a platform for building and deploying decentralized applications (DApps) and the Internet of Things (IoT). IoTeX is designed to be a scalable, secure, and private blockchain for IoT devices.
The IoTeX blockchain uses a consensus mechanism called Roll-DPoS, which is a combination of delegated proof-of-stake (DPoS) and rollup technology. This consensus mechanism allows IoTeX to achieve high scalability and transaction throughput.
IoTeX also uses a number of security features to protect its users, including:
* A root chain that is secured by a network of validators
* A rollup chain that is used to process transactions quickly and cheaply
* A variety of cryptographic techniques to protect user data and privacy
**Recent News**
* **IoTeX Launches IoTeX Labs, a New Initiative to Support the Development of the IoTeX Ecosystem:** IoTeX Labs is a new initiative that will provide funding and support to developers who are building on the IoTeX blockchain.
* **IoTeX Partners with Binance to Launch IoTeX Staking on Binance Earn:** Binance Earn is a platform that allows users to earn interest on their cryptocurrency holdings. Through this partnership, IoTeX holders will be able to stake their IOTX tokens on Binance Earn and earn interest.
* **IoTeX Announces the Launch of the IoTeX Mainnet 2.0:** IoTeX Mainnet 2.0 is a major upgrade to the IoTeX blockchain that includes a number of new features and improvements, such as support for smart contracts, NFTs, and DeFi.
Unlocking IOTX Potential: Why It's Time to Buy Now!"**IoTeX** is a decentralized Internet of Things (IoT) platform that connects the real world with the blockchain. IoTeX provides a suite of tools and services that enable developers to build secure, scalable, and privacy-preserving IoT applications.
**Fundamental Analysis**
IoTeX has a number of advantages over other IoT platforms. First, it is based on a blockchain, which makes it secure and transparent. Second, it is scalable and can handle a large number of transactions. Third, it is flexible and can be used to develop a wide variety of IoT applications.
IoTeX has a number of partnerships with leading companies in the IoT industry. For example, IoTeX has partnered with Bosch to develop a new generation of smart home devices. IoTeX has also partnered with Samsung to develop a new IoT platform for smart cities.
**Recent News**
On September 27, 2023, IoTeX announced that it had launched its new mainnet, IoTeX 2.0. IoTeX 2.0 is a significant upgrade to the IoTeX platform and includes a number of new features, such as a new consensus algorithm, a new programming language, and a new smart contract platform.
On September 23, 2023, IoTeX announced that it had partnered with the city of Seoul to develop a new IoT platform for smart city applications. The new platform will be used to manage a variety of smart city services, such as traffic management, parking, and waste management.
**Disclaimer**
Cryptocurrencies are volatile assets and prices can fluctuate wildly. It is important to do your own research before investing in any cryptocurrency.
IOTXUSDT ๐ Bullish reversal or double bottom We've got a green market overall as BTC is breaking highs but still we need to be wavy of bull traps!! Specially in alt coins so trade safe and go little by little by areas and taking profits as price goes up.
Here's my unbiased plan:
Bullish reversal scenerario
Confirmation would be when price breaks above 0.01950 then we can look for buy set ups
Target 0.20 to 0.22 area
Bearish correction
Confirmation would be a double top with price unable to break through and bouncing down from 0.0184
Target: 0.016 to 0.015
Let's see how this plays out and be patient for confirmations before pulling the trigger!
Happy trading,
Kina ๐
IOTX Buy Trade Here is My Study on IOTX.
Welcome to my channel! Here you'll find daily technical analysis ofthe latest trends in the crypto market. From Bitcoin to altcoins, I'lIl be sharing my insights and predictions to help you make informed decisions
about your investments. Follow me for the latest updates and join the conversation in the comments!
Crypto technical analysis uses past price history to predict future price. It's not a guarantee and shouldn't be relied on solely for investment decisions. Consider other factors such as market trends, economic strength and
information dissemination. Use with caution.
This Is Not A Finacial Advise
long iotxHow to Trade Using the SMC Trading Strategy:
We would learn Smart money entry patterns and methods such as:
SMC Reversal Entries
How to identify valid CHOCH.
Major and Minor change of character (CHOCH)
Aggressive Entry setup
Entry Methods:
Firstly let us examine the entry method we can use in the SMC trading strategy. Smc entry methods are divided into two major subcategories namely:
The reversal entry method
The continuation entry method
The reversal entry method can further be divided into two namely:
Change of character (CHOCH) or change of market structure.
Flip entry setup.
IOTX/USDT Ready for Next Upward ?? Iotex Today AnalysisHello Paradisers, turn your attention to a coin with potential!
๐IOTX has emerged from its descending channel pattern and is currently attempting to breach the supply zone. If it struggles to surpass this supply, IOTX might retreat to the demand zone between 0.01760 - 0.0173, before potentially resuming its bullish ascent.
๐For those considering an entry, you might either anticipate a clear break above the supply or patiently wait for a touch within the aforementioned demand range.
๐Stay vigilant, ParadiseSquad! ๐ด This analysis might need reconsideration if IOTX concludes the day below the 0.001650 mark.
IOTX/USDT looking for a rejection here! Hey traders ๐
Another coin for today is IOTX coin where we see a good chance for a rejection to happen from 200EMA on 1hr chart. BB indicator seems ready to us while it is rejection that upper zone so let's soo how this one will play out!
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IOTX buy long only breakout Entry: 0.02111
Profit: 0.06470 (206%)
Stop: 0.01863 (11%)
Risk-To-Reward: 17
Expected duration: 10 - 50 days
Comment: Another trade that I want to prepare It could trigger at any time, so prepare your breakout order
hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
IOTXUSDT ๐ถโ๐ซ๏ธ Double Bottom Reversal Hey guys!
We'll start monitoring the possible reversal for IOTX and I'm going to be straightforward: for this asset to start saying it's bullish we need to see a break above and close over 0.024 meanwhile we are trading in the range.
Bullish scenario would play like this:
First target: 0.019 then we'll TP
For this to happen I'd like to see some sort of pattern like a double bottom or IH&S.
Bearish scenario would go like this:
Target open because it would be creating new all time lower lows we'd be then moving stop loss to entry as soon as in profits. But the trigger would be a close below: 0.015
I'm rooting for the bullish scenario as I'm a very hopeful person but we take what the market gives and be open to both scenarios always! Manage risk accordingly and never be biased.
Happy trading!
Kina ๐ถโ๐ซ๏ธ