IQUSDTIQUSDT just break the ranging phase and made first HH.
Double bottom bullish reversal pattern also form which confirms that the trend is going upward.
We wait and watch for the breakout of last HH>
IQUSDT trade ideas
Overlap!IQ, the currency that was introduced as a profitable currency in the past days, had an increase in price the previous day and today. The price of this currency, which was accompanied by strong demand, recorded good growth again after correcting to the support range of 0.0049 to 0.0050 dollars. The price growth has continued to the resistance of the $0.0075 range. Important resistance is observed in this area. But the support that was previously considered in the range of $0.0053 to $0.0056 has overlapped with the midline of the descending price channel.
Therefore, if the price drops again, there is a possibility of a positive reaction from this level. Note that because the price has crossed the previous ceiling, there is a possibility of an upward trend of this currency in the daily timeframe. Therefore, if the buyers' support continues, the price increase can continue up to the limit of the descending channel in the range of 0.0100 to 0.0106 dollars.
IQU/USDTWe zien een eerst vroegtijdig teken van een eventuele bodem op IQU, maar noteer, zeer vroegtijdig. We zien een kleine vorm van support en goede tekenen als we naar de ranges kijken. Als Bictoin en het altcoin sentiment bullish zijn en blijven zitten we nu op een mooi koopmoment. Maar omdat deze externe factoren nog niet bevestigd zijn koos ik voor een iets veiligere lowball order.
We see a first very early sign of bottom on IQU, but note, verry early. We see a small form of support and some good signs if we look at the ranges. If Bitcoin and the altcoin sentiment turns out to be bullish then we would now have a nice buying moment. But because these external factors are this not confirmed i chose a safe lowball order.
Entry: 0.00400
Stop loss: 0.00125
Take profit: 0.01869
could touch 0.025$ again at next month after reduction of supply IQ shows bullish sign. but because of BTC crash and absconding BTC.D, IQ couldn't touch the upper leg of triangle at daily chart and rejected from resistance price at 0.011$.
but IQ still is bullish because of fundamental and technical.
i hop IQ can break power full resistance price at 0.011$ and then we will at least touch the upper leg of triangle. if IQ could break the that trend, then we can go to the moon...
