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#IOTX/USDT analysis :
#IOTX is currently retracing towards the 200 EMA. The price is anticipated to retest the 200 EMA before continuing its bearish momentum. The current level presents a good opportunity for a long entry, as the 200 EMA is expected to be tested.
TF : 1h
Entry : $0.01860
Target : $0.01973
SL : $0.01790
#IOTX/USDT analysis :
#IOTX is currently bouncing back from the trendline and the 200-period exponential moving average (EMA). This price action suggests a potential upward movement, with expectations to test previous swing high levels. The confluence of the trendline and the 200 EMA provides a strong support area, indicating a bullish outlook for IOTX in the near term.
TF : 4H
Entry : $0.04435
Target : $0.05164
SL : $0.04042
#IOTX/USDT analysis :
#IOTX is currently consolidating sideways near the resistance zone. It is expected to continue its bearish momentum and test the previous swing low.
TF : 2H
Entry : $0.0332
Target : $0.0284
SL : $0.0358
#IOTX/USDT analysis -
#IOTX be currently rejecting from the rejection zone after forming a lower low. It be expected to decline from there and be testing the previous low. A stop loss will be placed above the rejection zone for risk management.
TF : 4h
Entry : $0.0395
Target : $0.0372
SL : $0.0409