This Can Be Wonderful Buy The Dip Opportunity For IoTeX (IOTX)
Hi friends, hope you are well and welcome to the new update on IoTeX (IOTX) coin.
Big channel and bullish divergence:
On a weekly time frame, IOTX is bounced from the support of an up-channel. There is also a hidden bullish divergence flashed, as the priceline is forming higher lows but the RSI is setting lower lows. Therefore there is a high probability that the priceline of IOTEX can hit the resistance of this channel soon.
Broke out the small channel:
On a daily time frame IOTX has broken out a down channel. Now there is an upcoming resistance at $0.185, if IOTX breaks out this resistance then soon it can make an attempt to break the all-time high.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Big channel and bullish divergence:
On a weekly time frame, IOTX is bounced from the support of an up-channel. There is also a hidden bullish divergence flashed, as the priceline is forming higher lows but the RSI is setting lower lows. Therefore there is a high probability that the priceline of IOTEX can hit the resistance of this channel soon.
Broke out the small channel:
On a daily time frame IOTX has broken out a down channel. Now there is an upcoming resistance at $0.185, if IOTX breaks out this resistance then soon it can make an attempt to break the all-time high.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade