💡Don't miss the great buy opportunity in IOTXUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.1778).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. IOTXUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 0.2037
TP2= @ 0.2205
TP3= @ 0.2350
TP4= @ 0.2625
TP5= @ 0.2752
SL= Break below S2
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IOTXUSDT.P trade ideas
IOTX idea updateIOTX has been forming a triangle again. It didn't respect the previous triangle. Now it has been forming a new triangle and a channel. If it breaks out from above, it might touch the 0.08 USDT price level. If it breaks out from below, it might go till 0.04 USDT. Sorry for a messy chart!
💡Don't miss the great buy opportunity in IOTXUSDTMidterm forecast:
0.057000 is major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
While the RSI support #1 at 49 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 0.068550 on 08/26/2021, so more gains to resistance(s) 0.085500, 0.099000, 0.117500 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 64.
Take Profits:
TP1= @ 0.099000
TP2= @ 0.117500
TP3= @ 0.150000
TP4= @ 0.170000
TP5= @ 0.196300
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
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Trade well, ❤️
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