💎Technical Analysis Summary💎
-IRIS is forming a potential symmetrical triangle pattern
-This will either break to the upside or downside
-But if we will consider the market trend
-It is simply on the downward bias
-So the chances it will go lower is much higher
-This is only a probabilities not certainties
-Please always exercise proper risk...
-The price is now approaching two key areas of support
-The zone between 668-604 sat are previously resistance before IRIS strong uptrend
-Two possible scenarios for IRIS, #1 is to test the closes support and bounce back up to 800 sat range
-Or come down much lower at 600 sat major support but bounce weaker around 700 sat area
-Either of these...
-IRISnet painted its 1st Lowe High which is a sign of weakness
-We can also see a Bearish trendline resistance rejecting the price
-It is likely to retest the support area around 90,000 sat range
-The 200MA dynamic support is approaching the price
-The question now is, can we see another strong bounce reaction at support?
-If not, it will breakdown and...
IRISBTC - Long - Potential 27.83%
Entry - 1006
TP2 - 1165
TP3 - 1288
Please comment with thoughts and how you get on.
If you like the idea, then hit like on the idea & support with a follow.
Good luck out there!
The market is fomo for defi coin and Iris is doing a great job supporting the defi coin at this moment.
It is also known to have a close technological relationship with Atom.
And especially supported by the BNS team of China. Strong pump dump team.
I expect it to hit the 0.00003000 sts
What is IRISnet?
IRISnet (a.k.a IRIS Hub) is designed to be the foundation for the next generation distributed applications. Built with Cosmos-SDK, IRIS Hub enables cross-chain interoperability through a unified service model, while providing a variety of modules to support DeFi applications. IRIS Hub is designed to support not only token transfers across...
-Since the Cross Ultimate indicator flashes Buy signal priority
-The price has increased over 600% from 13k sat area
-Just a few minutes ago, our VIP members entered the breakout confirmation
-All our take profit exit has been hit
-I do not recommend to buy at current market price
-Please wait for a pullback at previous resistance or wait for...