BINANCE:IOTAUSDT is showing promising signs for a potential price surge. The current trend suggests a bullish breakout pattern forming with three key stages:
Resistance Break: We've already witnessed two potential breakouts around the $0.3725 resistance level.
Pullback: A price pullback is likely, potentially dipping to the $0.3500-$0.3600 range. This is a...
Technical Analysis Summary
IOTA /USDT
TREND ANALYSIS
We have 3 Downtrend in red color (LONG TERM AND 2 INTERNAL )
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY...
Technical Analysis Summary
IOTA /USDT
TREND ANALYSIS
We have 2 Downtrend in red color (LONG TERM AND ONE INTERNAL )
We have 1 uptrend in green color
Be careful trends need to be modified when broken to the new peaks.
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of stregth of levels...
After completing the predicted 5-step formation, we are now all set to continue the correction and approach the green area. Here, the next low point should be established and with it the foundation for new increases. After the low, we expect the price tp surge past $2. A premature increase is only given a probability of 28%.
Push, push!
Pattern: Channel Up on 1W.
Signal: Bullish (1) on the next pull back towards the High Volatility Zone and (2) if the Higher Low trend line of the Channel Up breaks.
Target: (1) 0.4800 (2) 0.8000.
