Iotx
IOTX under big resistanceif break up from the resistance level above, we could expect a bigger move up...
SRSI high, could retest 20sma or even support zone before moving up further,
If drop-down from support zone, and 200sma, we could expect more downside movement and take a short trade.
SRSI looks like it wants to print death cross.
Scalp traders could take short scalp trade if we lose support from 20sma.
Good luck traders
IOTXUSDT - How to find a good project?I had a question from one of you about this coin, and decided to show my method of madness on how to find low/micro cap coins to invest in.
Sources of basic information:
www.livecoinwatch.com
coinmarketcap.com
Answer the questions using the above sources:
Who are the founders? (and are they trustworthy with my money) Stalk them! You are about to give them money.
What is the purpose of the project? I personally like protocols (ETH, SOL, AVAX), DEX (Uniswap), and unique utility (Think DOT and LINK)
Is anyone currently working on the project? when is the next update?
Website? You can learn a lot about what is going on with how well the website is built and upcoming milestones.
Technical analysis:
First, I would like to note, that I don't normally just ape into anything even if I think the project is good. I like to watch the price for a period of time to get a grasp of what is a good value buy.
Second, I would look at the chart and understand how much has it moved in the last 30-60-90 days and set a short/long term buy spot. For example here: now looks like a good buy spot and then sell around the $1.8 to $2 mark and wait for the correction. Due to my first rule, I would wait until after the correction.
My Chart Summary:
The chart has a bullish and bearish pattern formed on top of each other. It looks like the bullish Cup and Handle will play out first with a breakout to about $2. Followed by the bearish pattern playing out with a correction down to potentially $1. This whole chart does resemble a Elliot impulse wave with the rising wedge as wave one, first part of the cup as wave 2, second part of the cup as wave 3, handle part 1 as wave 4, and second part of the handle will be wave 5. The final correction to the second rising wedge will form the A-B-C correction post Elliot impulse wave.
Finally:
Technical analysis is nothing more of a possible solution to the current snapshot in time shown on the chart. Many things can develop over the coming weeks and months as we end this bull run. this chart could look totally different in a month with a look back at this post being totally wrong. With that said, nothing about this post is financial advice and I am not a financial advisor.
IOTXUSDT Technical Analysis
⏳ Spot
💎 IOTXUSDT after breaking above the descending channel, it has gone for a retest. it is also possible that it goes all the way down to the Pullback zone before it goes up again.
🌐 Tradingview
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at 0.06670
☕️ TP1 0.08700
🍺 TP2 0.11000
🍻 TP3 0.13333
🍾 TP4 0.16000
🍷 TP5 _______
🍸 TP6 _______
🍹 TP7 _______
🎁 TP8 _______
🚫 SL 0.05500
Good Luck 🎲
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Have a Profitable Day
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 .
if you liked the idea , give it a like .
and if you wanna see more of these , follow , heck of analysis are on the way !
also tell me your opinions on this idea in the comments .
GoOOoOd LuUuUUuck
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 .
and aye , if you liked it , hit the like 👍
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 🎲
Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️
Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
We will have more FREE forecasts in TradingView soon
Have a Profitable Day
🔥 IOTX Revived: Another Bullish WaveIOTX has seen a major bullish move during the first two weeks of August. Since then, IOTX has bled value and dropped over 50%.
During this time, IOTX found strong support at the 0.618 Fibonacci retracement level, or $0.07 in dollar value.
Over the last two days, IOTX has seen two strong moves, potentially indicating revived investors' interest.
Main target for the current move lies at $0.10, which coincides with the 0.382 retracement level. In the longer term, I'm looking at the current ATH as a target, based at $0.15.
Happy trading!
IOTX/USDT Rounded Bottom / Green Trigger WaveThe bull flag didn't play out as we had planned but instead IOTX pulled back to support and formed a nice rounded bottom - currently we just printed a green trigger wave on the daily and it's looking ready to take off. Don't miss this one, it will be massive when it happens