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FieryTrading
Nov 18, 2021 4:26 PM

🔥 IOTX Huge Fall Incoming: 2-Year Channel Short

IoTeX / TetherUSBinance

Description

IOTX has been one of the big winners of November, where it gained around 250% at some point.

However, IOTX has seen a strong rejection from the top of the bullish channel. I doubt that IOTX will touch the lower bound of the channel in the near future (unless we get a massive BTC sell-off), but I doubt that IOTX will continue to make new highs in the near future.

We could very well see a 50% drop in the coming weeks/months. See my analysis of XTZ below for a comparable pattern.



Happy trading!
Comments
uttkarshk1234
Don't agree
Vibranium_Capital
nice one bro
kimstandgraph
Nice idea
saneeshthambi007
haha
zakariabalaqie
Excellent 👏
Helical_Trades
Beautiful work !
abbas43
loooool
KlejdiCuni
Well done bro!
MMBTtrader
valid channel
UnitedSignals
Great idea!
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