IOTXUSDT.P trade ideas
IOTX (IoTeX) , 280% gain ahead , finally did the breakout !hey yall ,
IOTX was making a descending channel for two months , now today we witnessed the breakout , time to RISE !
as you see in the chart , it's the time for the second top , in every cycle it does that ...
you can see the similarities between the cycles .
there is a MACD cross as well which is a good sign.
also here is the 4H chart , the breakout is obvious here :
targets are shown in this pic .
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GoOOoOd LuUuUUuck
IOTXUSDT Daily TimeframeDaily Candle with possibility of continuation pattern. Accumulation in the flag mode might giving some potential energy to shoot up later.
Best area of interest for selling in future? proven roof there....
even though we are still expecting some correction next week and 2nd week of October, still worth to put into your watchlist.'
#tayor
IOTXUSDT - Correction over time to load up on the breakout.
Price has made a nice weekly correction and has started to find support showing signs of a deceleration, on the daily timeframe market has formed a inverted H/S. Waiting for a daily close above the confluence of resistance for a entry confirmation.
IOTXUSDT wants a new breakout?IOTXUSDT wants a new breakout?
The price tested the 0.786 Fibonacci level and now the price is going to test again the weekly resistance.
If the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
IOTX , repeating the cycle . 350% gain ahead.as you see , IOTX makes 3 tops in every cycle . so I checked each one and found a pattern in it . to find the second top , we just have to use Fibonacci retracement , and as you see, all the second tops are at 161.80% .
target : 0.28887
what do you think ? comment below .
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IOTX descending triangleDescending triangle, support at 0.06 seems to be holding for now. Looks like we could go up, but still have one more chance for a retest of a support level - SRSI on 1hr is too high. If support is lost (pulled down by possibly another BTC dump), we could take a short position. Good luck traders
IOTXUSDT Technical Analysis
⏳ Spot
💎 IOTXUSDT on H4 has formed a Symmetrical triangle and has broken above the resistance already. We see several rejections from the Support line. We expect that the price goes down for a pullback before it continues to go higher.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 0.05600
☕️ TP1 0.06730
🍺 TP2 0.07040
🍻 TP3 0.07400
🍾 TP4 0.08225
🍷 TP5 0.09000
🍸 TP6 _______
🍹 TP7 _______
🎁 TP8 _______
🚫 SL 0.04800
Good Luck 🎲
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