#IOTX/USDT#IOTX
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking it strongly upwards and retesting it.
We are seeing a bounce from the lower boundary of the descending channel, this support at 0.01877.
We have a downtrend on the RSI indi
IOTXUSDT 4HOUR📊 Technical Breakdown
📈 Pattern: Falling Wedge (Bullish Reversal)
The price broke out of a falling wedge, a bullish reversal pattern.
Wedge breakout occurred with a slight increase in volume and RSI confirmation, indicating momentum shifting towards bulls.
💵 Entry Level
Marked near 0.01838 USDT, r
IOTXUSDT | Key Resistance Zone Identified – Trade SmartIOTXUSDT has reached a critical resistance zone marked by the red box. This is the first major level where sellers could step in, making it an important area to monitor. Blindly entering positions here is a rookie mistake—as always, we need confirmations.
🔴 Short Setup Considerations:
✔️ LTF Market
iotex is best depin projectIoTeX (IOTX) has recently garnered significant attention in the cryptocurrency market, particularly following a substantial $50 million investment from a consortium of venture capital firms. This infusion of capital is poised to accelerate the growth and adoption of Decentralized Physical Infrastruc
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.