This is the final update we will share regarding IOTX until there is a significant change in its price action. We have included additional updates about our expectations for IOTX and our current view. As we have done in the past with OCEAN, when it was around $0.14, and further updates when it reached $0.17. You can view the chart on the following link:
All of the previously mentioned targets for OCEAN have been confirmed.
According to our 4-hour range algorithmic trading, IOTX appears to have confirmation. There is a high probability that IOTX will break out short term.
$0.10 is an important short-term trend target. The current price is stable with low volume, but we anticipate this will change over time.
We have also observed similar signals in the 4-hour range before when IOTX broke out to higher price targets, from a similar starting price, as seen in the following example:
Please note that this is not a day trading update, but rather our primary view on IOTX and its potential for an unexpected breakout. Our short-term target for IOTX is $0.10, with a middle-term target of reaching its all-time high, and a long-term target of $0.41 in 2023.