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IoTeX / TetherUS PERPETUAL CONTRACT

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IOTXUSDT.P trade ideas

IOTXUSDT 😶‍🌫️ Double Bottom Reversal Hey guys! We'll start monitoring the possible reversal for IOTX and I'm going to be straightforward: for this asset to start saying it's bullish we need to see a break above and close over 0.024 meanwhile we are trading in the range. Bullish scenario would play like this: First target: 0.019 then we'll TP For this to happen I'd like to see some sort of pattern like a double bottom or IH&S. Bearish scenario would go like this: Target open because it would be creating new all time lower lows we'd be then moving stop loss to entry as soon as in profits. But the trigger would be a close below: 0.015 I'm rooting for the bullish scenario as I'm a very hopeful person but we take what the market gives and be open to both scenarios always! Manage risk accordingly and never be biased. Happy trading! Kina 😶‍🌫️
by KinaStar
2
#IOTX - Long - Potential 8.88%ALT re-accumulation possible here, even if just DCA algo's buying the dip's. Be wary of the news cycle CPI data and likely more Binance FUD dropping later today. If inflation comes in high we could see risk assets drop - so close early if in profit. Direction: Long Market: Spot Risk: 0.25% - 1% #USDT_IOTX Exchange: BINANCE Timeframe: 360 TP1: 0.01912 Entry: 0.01761 STOP: 0.0161 Entry Conditions: | Trendbreak & RVI break | Untouched pivot | Coming n from oversold
Long
by CryptoNicho
2
IOTXUSDT is creating a pennant IOTXUSDT is testing the $0.022 area, which serves as a local support level within the market. This level holds significance as it has previously acted as a barrier for downward price movements. There is a possibility that the market could experience a pullback from this support level, leading to a retracement towards the 0.5 Fibonacci level. The Fibonacci retracement is a commonly used technical analysis tool that measures potential levels of price retracement after a significant move. If the market follows this pattern, it suggests that a bearish impulse could develop, indicating a potential continuation of the downward trend. Furthermore, the market currently has liquidity available around the $0.015 area. Liquidity refers to the volume of buy and sell orders available in the market. In this case, the $0.015 area contains a significant concentration of buy orders, indicating potential support if the price were to drop further. If the market experiences a breakout from the support level and subsequently retests it as a new resistance, it aligns with the principles of Plancton's Rules. Plancton's Rules is a trading strategy that emphasizes short positions in the market when price breaks below a support level and retests it as resistance, suggesting a bearish trend continuation. Considering these factors, traders and investors will closely monitor the price action of IOTXUSDT to assess whether the support level holds or breaks. A break and retest as resistance may lead to new short positions being initiated in line with Plancton's Rules. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
6
IOTXUSDT - Triangle Pattern breakdown Beware at this point this coin is in ranging mode. So I've marked areas where the volume profile has shown potential areas where most participants were involved at that time. So there's a chance that over those areas, price is going to react somehow or not at all, so we need to see what happens once it gets there. We can say we've got a hammer as soon as it entered the area so we can see a bit of a slow down motion after the drop. Now, 2 things can happen. Either it creates a double bottom and reverses right off this area or it continues to decline. However to confirm this, we need to see a breakdown of current zone in order to go short. Target could be the next support zone: 0.01865 - 0.01954 as shown in the chart we are sitting in a buy area and in oversold conditions. Also, this is a ranging market so what I see could be a mess to you lol
by KinaStar
MACD Divergence and Support Reclamation on #IOTXUSDTThe recent price action in #IOTXUSDT has shown some interesting developments. After briefly entering a bearish zone, we are now witnessing a potential shift in momentum. Here's what we're observing: 💎Bullish Divergence: The MACD indicator is displaying a bullish divergence, indicating a potential reversal in the price trend. 💎Support Reclaimed: Price has managed to climb back above the support level, which is a positive sign for buyers. 💎Fibonacci Retracement: The 50% Fibonacci retracement level has proven to be a significant area of support, with a clean bounce occurring for the second time. 💎Higher Highs and Higher Lows: On the lower timeframes, we are starting to see the formation of higher highs (HH) and higher lows (HL), suggesting a short-term growth potential. Considering these factors, as long as #IoTeX remains above the Fibonacci support, there is a high probability of a fast 10% rise. It's important to note that price spikes below the Fibonacci levels may occur, but only a new lower low would be a serious warning sign for the buyers.
Long
by MyCryptoParadise
1
Analyzing the Breakout: #IOTXUSDT Gains Momentum Above Trendline💎#IOTXUSDT has made significant moves in recent price action, breaking above the downtrend trendline and the recent high. And this breakout might have signaled a growing bullish momentum. 💎Prior to the breakout, the price successfully rejected the uptrend trendline, demonstrating the strength of the bulls in defending the support level. This validates the short-term uptrend, with a potential price increase towards the 61.8% Fibonacci retracement level. 💎Although the upside target is only 5% away, a daily break and close above the Fibonacci resistance could extend the upward push even further. 💎However, if #IOTXUSDT breaks below the support, it may present selling opportunities, as the probability of a short-term price drop would increase. We will keep you updated on the situation.
Long
by MyCryptoParadise
2
IOTX - 4H OutlookWe are now see the IOTX consolidating on the support area which is hold the price since 3 January 2023 (its about 129 day before), current support are marked as discounted zone, weaklow, if we draw the trendline, IOTX running 129D big consolidation and forming descending triangle, but inside the triangle the price action creating curve shape, which is a sign of liquidity has builded to make one more time 1 leg down to the fifth wave before continue to rally. the area that need to be watched is Current Support : *0,02085 *0.01657 (half of big fundzone marking) Resistance 4h: *0.02353 *0.02650 Which is might be it could be the area who give some big movement to the IOTX Price.
by Tradersjourney_
IOTX/USDT looking for an entry! Hey guys 👋 IOTX/USDT pair is next on our watchlist before the end of this week! With a nice potential to show a turnover soon we will be here to try and catch that entry with a potential 3-5% market movement here to lower zones! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
by SwallowAcademy
14
IOTXUSDT Pure Price Action and Confluence Trading. Support and Resistance Line, Ema’s and Fib. We believe IOTXUST shows a Diamond Bottom pattern. We are in the market our first entry was filled @0.02300 we will add more entry if we find more good opportunity base on Pure price action. This is going to be a long term investment and we will set stop or close manually if something dramatic happens in the market. We are Looking at a possible 100% return on investment. We ask Almighty Allah for guidance and rewards.
Long
by blueroottrading
Longer term Iotex investment idea.As ilustrated, a fibonacci time drawn from covid low to all time high predicted this bearmarket low (0.618) to perfection! Previous bullmarket lasted 609 days. Another 609 days from this bearmarket low comes in confluence with fib time 1.618. Funny enough we also have the 1:1 fib extension at the same pont at the top off the channel. What i mean by this is if Iotex performs the same way next bullmarket as the last one. The prediced price would be about 3.85 dollars july 2024. Yes i know its crazy. But welcome to crypto. Personaly i believe this is a great time to accumulate/invest in iotex with great Risk/reward. Invalidation for this idea is loss off the paralell channel. Dont remember to take profits along the way.
Long
by Para_bolic
3
IOTX/USDT is it ready?Hey 👋 Let's kick off this day with IOTX coin where we had a nice rejection of upper trend which also resulted the crossover of RSI. We are waiting here for a breakdown near 100EMA! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Short
by SwallowAcademy