Today we'll talk about the sensational IoTeX project in recent days. IOTXUSDT price made in less than 4 days +600%.
Such a rapid rise in price was caused by a combination of two news:
1) launch of uTrade v2, a decentralized trading platform with automated market marketing (AMM)
2) listing IOTXUSD on Coinbase PRO
If we missed some important news about IoTeX, or...
1. MACD histogram showing the bearish divergence.
2.Also the the candle are touching the weekly resistance level. They are going to retrace from there and going to test the daily support at 69. and it breaks 69 we may test 58 daily zone.
3.IOTX has to find a strong support in order to continue the upward trend.
4. Candles have reached the upper layer of Bollinger...
a bullish trend triangle + large bullish inverse/overt divergence by 4h.
Got it.
Stop - 0.004567$.
Targeting local Hi and above.
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