IOTX broke the trendline and is retesting support.
Based on fib the idea entries have been provided on the chart with take profit.
It also will be wave 5 at the final tp
IOTX has great Volume and % Change today.
Golden Pocket of Fibonacci Retracement from January 24th is coming up, and I'm expecting a mild retracement into the 0.5 Fib level. This is only valid IF IOTX decisively bounces off of the Golden Pocket, or better yet, retests the Golden Pocket and heads towards 0.5 Fib level.
Long Target #1 = ~0.07177 (0.5 Fibonacci...
All supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ...
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 15.Jan.22
⚠️(DYOR)
❤️ If you apperciate my work ,...
direction : long
fw pattern area entry 0,12136-0,12545
take profit 1 0,12774
take profit 2 0,13007
take profit 3 0,13183
take profit 4 0,13306
take profit 5 0,13430
take profit 6 0,13583
take profit 7 0,13830
SL : 0,11658
IOTX est dans une phase de rebond sur un double bottom. Une phase de retest. Ce trade est textbook, double bottom, un triangle comme formation de retest.
Ce trade est faisable est plutot simple. Un levier acceptable est 7-8. Acheter vers 0,I26-I,28 et un premier objectif a 0,I36 et un second objectif a I,I48.
clearly shows my idea in the chart. The price of IOTEX is floating about 200 percent higher on coinbase than it is on binance huge profit oppurtunity here.
Buy #IOTX by market
Current price (Buy price): 0.067$
◾️ I set my goals for sale using a ladder (taking into account the leverage x10):
Target 1 : 0.069$ (+30%)
Target 2 : 0.0778$ (+60%)
Target 3 : 0.078$ ( +80% )
Target 4 : 0.08$ ( +100% )
Buy #IOTX by market
Current price (Buy price): 0.0705$
◾️ I set my goals for sale using a ladder (taking into account the leverage x10):
Target 1 : 0.0728$ (+33%)
Target 2 : 0.074$ (+60%)
Target 3 : 0.0076$ ( +80% )
Target 4 : 0.0775$ ( +100% )
BUY PRICE: ABOVE 0.07043
STOPLOSS: 0.06492
WEEKS TARGET: 0.08340
MONTHS DEAD DROP: 0.05876
we will get a green candle stick this week if IOTX can go above our BUY ZONE 0.07043 which is a decisive level and targets 0.08340 for the week.
HENCE: We are advice to take profits once the week end in order to avoid a reverser during the start of a new week.
breakout of inverted head and shoulders pattern , price is now retesting it's neckline wich coincide with two strong supports tested many time+ bullish engolfing : I am expecting the price to start a new bullish wave
Ps : never risk more than 2% of your capital
BINANCE
