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IOTXUSDT trade ideas

IOTXUSDT is creating a pennant IOTXUSDT is testing the $0.022 area, which serves as a local support level within the market. This level holds significance as it has previously acted as a barrier for downward price movements. There is a possibility that the market could experience a pullback from this support level, leading to a retracement towards the 0.5 Fibonacci level. The Fibonacci retracement is a commonly used technical analysis tool that measures potential levels of price retracement after a significant move. If the market follows this pattern, it suggests that a bearish impulse could develop, indicating a potential continuation of the downward trend. Furthermore, the market currently has liquidity available around the $0.015 area. Liquidity refers to the volume of buy and sell orders available in the market. In this case, the $0.015 area contains a significant concentration of buy orders, indicating potential support if the price were to drop further. If the market experiences a breakout from the support level and subsequently retests it as a new resistance, it aligns with the principles of Plancton's Rules. Plancton's Rules is a trading strategy that emphasizes short positions in the market when price breaks below a support level and retests it as resistance, suggesting a bearish trend continuation. Considering these factors, traders and investors will closely monitor the price action of IOTXUSDT to assess whether the support level holds or breaks. A break and retest as resistance may lead to new short positions being initiated in line with Plancton's Rules. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
6
IOTXUSDT - Triangle Pattern breakdown Beware at this point this coin is in ranging mode. So I've marked areas where the volume profile has shown potential areas where most participants were involved at that time. So there's a chance that over those areas, price is going to react somehow or not at all, so we need to see what happens once it gets there. We can say we've got a hammer as soon as it entered the area so we can see a bit of a slow down motion after the drop. Now, 2 things can happen. Either it creates a double bottom and reverses right off this area or it continues to decline. However to confirm this, we need to see a breakdown of current zone in order to go short. Target could be the next support zone: 0.01865 - 0.01954 as shown in the chart we are sitting in a buy area and in oversold conditions. Also, this is a ranging market so what I see could be a mess to you lol
by KinaStar
MACD Divergence and Support Reclamation on #IOTXUSDTThe recent price action in #IOTXUSDT has shown some interesting developments. After briefly entering a bearish zone, we are now witnessing a potential shift in momentum. Here's what we're observing: 💎Bullish Divergence: The MACD indicator is displaying a bullish divergence, indicating a potential reversal in the price trend. 💎Support Reclaimed: Price has managed to climb back above the support level, which is a positive sign for buyers. 💎Fibonacci Retracement: The 50% Fibonacci retracement level has proven to be a significant area of support, with a clean bounce occurring for the second time. 💎Higher Highs and Higher Lows: On the lower timeframes, we are starting to see the formation of higher highs (HH) and higher lows (HL), suggesting a short-term growth potential. Considering these factors, as long as #IoTeX remains above the Fibonacci support, there is a high probability of a fast 10% rise. It's important to note that price spikes below the Fibonacci levels may occur, but only a new lower low would be a serious warning sign for the buyers.
Long
by MyCryptoParadise
1
Analyzing the Breakout: #IOTXUSDT Gains Momentum Above Trendline💎#IOTXUSDT has made significant moves in recent price action, breaking above the downtrend trendline and the recent high. And this breakout might have signaled a growing bullish momentum. 💎Prior to the breakout, the price successfully rejected the uptrend trendline, demonstrating the strength of the bulls in defending the support level. This validates the short-term uptrend, with a potential price increase towards the 61.8% Fibonacci retracement level. 💎Although the upside target is only 5% away, a daily break and close above the Fibonacci resistance could extend the upward push even further. 💎However, if #IOTXUSDT breaks below the support, it may present selling opportunities, as the probability of a short-term price drop would increase. We will keep you updated on the situation.
Long
by MyCryptoParadise
2
IOTX - 4H OutlookWe are now see the IOTX consolidating on the support area which is hold the price since 3 January 2023 (its about 129 day before), current support are marked as discounted zone, weaklow, if we draw the trendline, IOTX running 129D big consolidation and forming descending triangle, but inside the triangle the price action creating curve shape, which is a sign of liquidity has builded to make one more time 1 leg down to the fifth wave before continue to rally. the area that need to be watched is Current Support : *0,02085 *0.01657 (half of big fundzone marking) Resistance 4h: *0.02353 *0.02650 Which is might be it could be the area who give some big movement to the IOTX Price.
by Tradersjourney_
IOTX/USDT looking for an entry! Hey guys 👋 IOTX/USDT pair is next on our watchlist before the end of this week! With a nice potential to show a turnover soon we will be here to try and catch that entry with a potential 3-5% market movement here to lower zones! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
by SwallowAcademy
14
IOTXUSDT Pure Price Action and Confluence Trading. Support and Resistance Line, Ema’s and Fib. We believe IOTXUST shows a Diamond Bottom pattern. We are in the market our first entry was filled @0.02300 we will add more entry if we find more good opportunity base on Pure price action. This is going to be a long term investment and we will set stop or close manually if something dramatic happens in the market. We are Looking at a possible 100% return on investment. We ask Almighty Allah for guidance and rewards.
Long
by blueroottrading
Longer term Iotex investment idea.As ilustrated, a fibonacci time drawn from covid low to all time high predicted this bearmarket low (0.618) to perfection! Previous bullmarket lasted 609 days. Another 609 days from this bearmarket low comes in confluence with fib time 1.618. Funny enough we also have the 1:1 fib extension at the same pont at the top off the channel. What i mean by this is if Iotex performs the same way next bullmarket as the last one. The prediced price would be about 3.85 dollars july 2024. Yes i know its crazy. But welcome to crypto. Personaly i believe this is a great time to accumulate/invest in iotex with great Risk/reward. Invalidation for this idea is loss off the paralell channel. Dont remember to take profits along the way.
Long
by Para_bolic
3
IOTX/USDT is it ready?Hey 👋 Let's kick off this day with IOTX coin where we had a nice rejection of upper trend which also resulted the crossover of RSI. We are waiting here for a breakdown near 100EMA! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Short
by SwallowAcademy
IOTX/USDT looking good for a potential short! Hey guys 👋 IOTX coin is going to be the first coin of the day. Where currently sitting just below that resistance we see a good potential for a short position here. BUckle up and let's go! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Short
by SwallowAcademy
9
IOTXUSDT Trading IdeaI have been closely monitoring the price action of IOTXUSDT. Recently, I observed an Ascending Broadening Wedge pattern, In this post, we will take a closer look at the price action, the target zone, and the key support and resistance levels to watch out for. The Ascending Broadening Wedge is a bearish reversal pattern that occurs when the price makes higher highs and higher lows within a broadening formation. The pattern is completed when the price breaks below the lower trendline of the wedge. In the case of IOTXUSDT, the price has successfully broken the lower trendline of the Ascending Broadening Wedge and reached the top of the pattern. This breakout signals a potential bearish reversal, with the setup target being around the major demand zone from the chart around 0.0055-0.0075. Meanwhile, following the breakout, the price correction has taken the form of a falling wedge. This is a bullish continuation pattern that occurs when the price makes lower lows and lower highs within a narrowing range. A break above the upper trendline of the falling wedge could signal a potential bullish reversal. It is important to watch these immediate level emergences: 0.03425 and 0.02053. These levels represent immediate resistance and support, respectively. A break above the resistance level of 0.03425 could indicate bullish momentum, while a break below the support level of 0.02053 could signal further bearish pressure. This post is for informational purposes only and should not be construed as financial advice. Cryptocurrency investments are highly volatile and carry significant risks. Trade wisely.
by weslad
5
$IOTX/#USDT [#IoTeX]: Trend_Reversal◳◱ Hey traders, A Trend Reversal has been identified on the $IOTX / $USDT chart. The trend of the price has reversed, indicating a potential trend change. The next resistance levels are located at 0.02592 | 0.02786 | 0.03238, while the main support levels can be found at 0.0214 | 0.01882 | 0.0143. Consider buying at the current price of 0.02355 and benefiting from the trend continuation. ◰◲ General info : ▣ Name: IoTeX ▣ Rank: 146 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc ▣ Category/Sector: Infrastructure - IoT ▣ Overview: IoTeX is an EVM-compatible L1 blockchain that provides secured interactions between humans and machines. By creating a platform for the Internet of Trusted Things, IoTeX powers a decentralized network of DApps (Cyclone, Mimo), smart devices (UCam, Pebble), services (ioPay, ioTube), and digital assets to deliver better value to end users. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.02355 ₮ ▣ 24HVol: 3,713,940.087 ₮ ▣ 24H Chng: 6.369% ▣ 7-Days Chng: -3.91% ▣ 1-Month Chng: -19.94% ▣ 3-Months Chng: -6.10% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.02592 | 0.02786 | 0.03238 ◢ Support: 0.0214 | 0.01882 | 0.0143 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -0.87 ▣ Last 90D: 2.91 ▣ Last 1-Y: 1.10 ▣ Last 3-Y: 1.49 ◲◰ Volatility : ▣ Last 30D: 0.88 ▣ Last 90D: 1.01 ▣ Last 1-Y: 1.37 ▣ Last 3-Y: 1.90 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.56 - Bullish ▣ Reddit sentiment score is 0.95 - V. Bullish ▣ In-depth IOTXUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF