I'll keep it simple: IOTX has broken above some the 20/50 4-hour MA's and is within a bullish ascending triangle. Setup looks good; but will need a break above 142-144 for better confirmation. I am looking at a target around 165-170. SL below the 4-hour moving averages and below the rising line of support.
Moving average guide (all 4-hour for this post):
20 MA in...
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Do not anticipate another pump again until last week of May to first week of June to coincide with the LTCUSD Pump in anticipation for the LTCUSD Block Halving to occur last week of July or first week of August, 2019. I also drew possible future trek of the Red RSI in Godmode indicator and drew possible future trek of Phoenix ARI. Pay attention to dates...
in 1D chart iotx shows 2 scenarios
1- bullflag + oversold stochatis+rsi+ mainnet ALPHA =breakout soon....target 450 lon term
2- gartley harmonic... correction to point D in 240 .. then if it reach there it will be the best entrie
IOTX shows an interesting setup for a long.
- Alpha mainnet launch April 22
- Currently at a good price (but weak support so be careful)
- pattern shows a trend reversal
Buy zone : 282 - 286
Target : 312
SL : 265
Trade safe as mainnet launch is on monday and BTC might move.
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He resisted well to the recent alt dump and kept his rsi bullish and is showing some dip evidences.
RSI>50 , morning star . I cant predict if he is going to make new high, but there is a little trade to take for sure.
It may be making an ABC correction, and the next green wave would not make a higher high, but even if its an ABC , its some good % gains.
The price action is entered in potential reversal zone of gartley and soon it will hit the sell targets insha Allah.
The targets are:
Buy between: 0.00000255 to 0.00000205
Sell between: 0.00000294 to 0.00000387
Atif Akbar (moon333)
I selected 2 Demand Zones and I will see if it play that way.
It is on the top by 1D Chart but you never know if it will continue Upward and we are in some sort of correction or it is reversal trend.
$IOTX, Potential ascending triangle as continuation of the trend..
UCTS buy signal on the 1D (15%+)
EMA50/100 acting as support, EMA200 as current resistance..
RSI starting to rise, MACD about to bullcross
Stoch RSI coming from oversold values...