Opinion: IOTEX SEED_DONKEYDAN_MARKET_CAP:IOTX is a potential project with expanding its core idea of DePIN makes it one of the most undervalued token in crypto industry.
Due to high level of supply and little exposure of token for DePIN ecosystem, creates an opportunity for a long term investor to capture.
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IOTX/USDTif IOTX/USDT breaks above 0.4850 and you're looking for a potential bullish scenario with a 10% target, you might want to consider monitoring the following factors:
Confirmation of Breakout : Ensure that the breakout above 0.4850 is accompanied by substantial trading volume. Volume confirmation is
My mistakesIn the below chart
In 1h timeframe I saw an uptrend at a very strong resistance level. I drew a Trendline and resistance level as well, and waited for a breakout.
As planned red candle breaked the Trendline and at the same time indicator also generated sell signal and rsi wasn't in oversold zone. S
💡Don't miss the great buy opportunity in IOTXUSD @iotex_io
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.08711).
. 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 i
See all ideas
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.