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IoTeX / Tether US

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IOTXUSDT trade ideas

IOTX_USDTIoTeX (IOTX) has shown correction following its recent breakout and substantial rally. We anticipate two levels of support at this point, potentially leading to a resurgence and promising profit opportunities. Considering a long position here could allow us to ride the upward momentum towards the next resistance level indicated on the chart. However, it's crucial to exit if this support falters, employing leverage cautiously between 1x to a maximal 3x, and setting up a stop loss accordingly. Alternatively, monitoring the daily timeframe and exiting based on its fluctuations if this support level is lost could also be a viable strategy. Overall, IoTeX looks poised for a rebound in this scenario.
Long
by Seahawks_
IOTX Don't Miss Out! Grab the Bull by the Horns and Invest Smart**IoTeX (IOTX)** **Fundamentals** IoTeX is a blockchain platform that aims to connect the Internet of Things (IoT) devices with decentralized applications (DApps). The platform uses its native IOTX token to power its network and facilitate transactions between IoT devices and DApps. IoTeX is designed to be scalable, secure, and interoperable, making it a promising platform for the development of innovative IoT applications. **Recent News** * **IoTeX partners with the XinFin Network to expand cross-chain compatibility:** IoTeX and XinFin, two blockchain platforms, have announced a partnership to enhance cross-chain interoperability. This partnership will allow users to transfer assets between the IoTeX and XinFin networks, enabling seamless communication and value exchange between the two ecosystems. * **IoTeX integrates with Eluvio to enable decentralized media streaming:** IoTeX has integrated with Eluvio, a decentralized video streaming platform, to enable secure and transparent media content distribution. This integration will empower IoTeX users to view and share high-quality media content without compromising privacy or security. * **IoTeX expands strategic partnership with Chainlink to enhance oracle services:** IoTeX and Chainlink, two leading blockchain oracle providers, have strengthened their strategic partnership to enhance the accuracy and reliability of oracle data on the IoTeX network. This partnership will ensure that IoTeX applications have access to real-time and reliable data feeds, powering decentralized applications that rely on external information. **Disclaimer** It is important to note that the cryptocurrency market is highly volatile and that the value of IOTX can fluctuate significantly over time. Investors should carefully consider their own investment objectives and risk tolerance before making any investment decisions. Please note that this information is for educational purposes only and does not constitute financial advice.
by MoonTradingForecast
IOTX/USDT Break key level area. Ready to continue Upward Move??💎 IOTX has undoubtedly made a significant impact on the market with its impressive ascent. It has successfully broken out of the supply area, signifying a promising development. Currently, IOTX is showing a bullish trend characterized by a series of higher lows. If this trend persists, IOTX has the potential to continue its upward movement, establishing new higher highs and potentially reaching our target supply area. 💎 However, if IOTX fails to establish a new higher high, there's a chance it may consolidate in the demand area at $0.0214, preparing for another bullish momentum. 💎 In the event that IOTX retraces to the demand area at $0.0214 and doesn't demonstrate a rebound, there's a possibility that IOTX could break through the demand level and descend to the lower demand at $0.0193. In this scenario, it becomes critical for IOTX to execute a successful bounce to reclaim the $0.0214 level if it intends to sustain its upward trajectory. 💎 If IOTX further retracts to the lower demand area and doesn't show signs of a rebound, this increases the likelihood of IOTX breaching the demand area. Such a development suggests a bearish trend and raises the possibility of IOTX continuing its descent, potentially returning to the strong support area.
by MyCryptoParadise_Nathan
3
Bitxer's IOTX/USDT: Scalp Smart, Trade Safe! 📈🛡️ IOTX/USDT for potential trading opportunities. Utilizing a graph pattern for both scalping and long-term strategies is a prudent approach. Waiting for a breakout from the supply zone could indicate a favorable entry point for a long position. Similarly, if it heads towards the supply zone, exercising patience might be wiser than risking losses. Bitxer is here to provide guidance and insights. Always prioritize your risk management strategy for successful trading! 📊💡🚀
by Bitxer_PK
IoTeXUSDT - Trendline Breakout Idea ! Hey guys! It's been over 100 days that IoTeX has been in a downtrend. This could be yet the bottom to be confirmed. We need a good breakout of the trendline to the upside with nice strong volume otherwise this could go back into ranging more for a long time or even continue falling despite the bullish bounce off this key monthly level. TRADING PLAN AS FOLLOWS: First we need to see a solid trendline breakout. First TP would be 0.020 a psychological level. However, it could get pierced through so we need to monitor price action once it gets there. My desired level is the weekly mean reversion area where price has struggled in the past and it's also a key flip zone but in the weekly timeframe. This area has been a magnet for price so it could get there again. TP here would be around 0.02470 - 0.02680 If the trendline breakout fails, close position at breakeven IF price goes sideways and no direction whatsoever or it hits stop loss. I suggest to SPOT rather than futures as this is a counter trend trade set up. Risk is higher unless you follow rules strictly per your plan. Hope you find analysis useful! Kina 🙏
Long
by KinaStar
IOTX ready for breakout hello dear trader and investors iotex ready for breakout downtrend channel and in short term can more than 100 % profit What is IoTeX blockchain? IoTeX is an open source platform at the intersection of blockchain and the Internet of Things, on a mission to enable the future decentralized machine economy. It seeks to build a connected world where machines, humans, businesses, and decentralized applications (DApps) can interact with trust and privacy. good luck ... mehdi
Long
by mehdi_kb
6
IOTXInternet of things Down ~93% from Aths ~95% was the ath- Up5x from last cycle and its a 12x if aths are revisited from here Broken out of long term falling wedge structure.. You can't see it on this time-frame but the obv has been in a slow uptrend since the initial ath sell-off.. And the macd started curling up on the weekly.. If there isn't another massive catalyst sell off event then the oversold market should hold this range and start to build a platform for a htf slight mean reversion event
by olliecoughland
IOTXUSDT - IoToX is stronger amid a weak market BINANCE:IOTXUSDT is proving strong amid a weak market and the fall of the flagship cryptocurrency. A dense pre-breakout formation is forming on the chart, which can give a great move if a number of conditions are met BINANCE:BTCUSD is declining, the market failed to strengthen above 28000 and the price is falling to 26000. On the background of the 5-day fall of the flagship IoTeX / Tether feels quite confident. Growth and resistance breakout is formed. Consolidation formed under resistance will be enough for resistance breakout and active momentum formation. Altcoins periodically get potential at the transition of capitals between assets, which is most likely formed and IOTX. Earlier MA-50 was broken and the price is preparing to test MA-200 in the near future. The breakthrough of the second one will give a good leverage for growth. Targets in the medium term should be considered 0.02386 and 0.03036. Support levels: previously broken figure line, 0.01610. Resistance levels: 0.01866 I expect consolidation above the range and subsequent breakout of 0.01866 resistance. Regards R. Linda!
Long
by RLinda
15