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IoTeX / TetherUS

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IOTXUSDT trade ideas

IOTX/USDT Ready for a Bullish journey? 👀🚀 IOTX Analysis💎 Paradisers, let's shift our focus to #IOTXUSDT, as it's currently showing potential for a major move from a key demand level. 💎 #IoTex is charting an upward path, indicating a potential bullish breakout from its current demand zone. We're expecting a retest of the demand level at $0.038, in light of the significant supply zone ahead. If #IOTX maintains its position above this level, it might initiate a rise towards the major supply zone at $0.060. 💎 However, if #IOTX encounters challenges in holding its ground above the support, we may need to reconsider our trading strategy. In such a case, our focus could shift towards triggering a bullish movement from a lower bullish Order Block (OB). 💎 It's imperative to monitor this level closely, as a fall below it could lead to a substantial downward trend. 💎 Stay vigilant and ready to pivot, Paradisers. Your ParadiseTeam is dedicated to providing the latest insights and strategic outlooks, ensuring you're equipped to adeptly navigate these market changes.
Long
by MyCryptoParadise_Simon
1
IOTA Foundation Partners with WEF and Global Trade LeadersThe IOTA Foundation ( SEED_DONKEYDAN_MARKET_CAP:IOTX ) has allied with leading global entities to embark on an ambitious journey that promises to reshape the landscape of international trade. This strategic partnership, which includes the World Economic Forum, Trademark Africa, and the Tony Blair Institute for Global Change, is poised to address the age-old inefficiencies and opacities plaguing global trade through the groundbreaking Trade Logistics Information Pipeline (TLIP). Revolutionizing Trade with TLIP With TLIP, the concept of physical stamps on trade certificates is gracefully retired. Instead, it stands for a digital counterpart that ensures documents remain irrevocable. The immutable nature of IOTA’s DLT offers an unassailable assurance that once a document is authenticated, it cannot be altered, creating an unbroken chain of accountability. The Power of Distributed Controls A critical feature of IOTA’s technology is its distributed controls, which allow trade actors to manage their data and grant access permissions autonomously. With this, the TLIP can preserve the decentralization ethos of the free market. This approach negates the need for a centralized platform, annihilating the risks associated with data consolidation. Forging a Collaborative Governance Structure In the WTO’s 13th Ministerial Conference in Abu Dhabi, the IOTA Foundation ( SEED_DONKEYDAN_MARKET_CAP:IOTX ) and its partners made a commitment through a Collaboration Agreement. The essence of this agreement is to foster a collaborative and impartial governance structure for TLIP. This inclusive framework invites stakeholders to co-design the digital future of international trade The TLIP is underpinned by open-source technology, which ensures that all participants, regardless of their size or sector. Further, they all have equal access to the digital infrastructure. The goal is to create a non-profit, interoperable ecosystem to serve as a foundation for companies to build commercial models. Also, to power applications that add value to the entire trade process. The partnership between the IOTA Foundation ( SEED_DONKEYDAN_MARKET_CAP:IOTX ) and global trade leaders is more than just a technological alliance; it’s a beacon of change for the international community, signaling the dawn of a more efficient, transparent, and collaborative global trade environment. IOTA Network Finds Surge in NFT Activity As per the IOTA explorer, a significant increase in the creation and transfer of NFTs is observed, especially in recent months, peaking in February. This uptick indicates a growing interest in and usage of the IOTA platform for NFT transactions. Further, there’s been a noticeable spike in active addresses, suggesting a heightened activity that could fuel the IOTA price. This could reflect a burgeoning user base or increased transactional activity, possibly driven by the NFT market activities. The ledger size is gradually increasing, a sign that more data is being stored on the IOTA network. This growth is crucial as it shows user adoption and network utility. A larger ledger signifies that more information is being secured on the IOTA Tangle. Thus, it points to its viability and robustness as a data management system.
by DEXWireNews
3
🚀 IOTXUSDT: Riding the Bullish Momentum! 🚀The IOTXUSDT market is currently showing strong signs of a bullish trend, characterized by the consistent formation of higher highs (HHs) and higher lows (HLs). As the broader market embraces a bullish sentiment, IOTX is intriguingly trading sideways, creating an impeccable Cup and Handle pattern. The key to unlocking potential profits lies in patiently waiting for the confirmation breakout from the Handle. 🔍 Technical Analysis: The pattern suggests a classic continuation of the uptrend. Keep a keen eye on the formation of the Cup and Handle, indicating a potential upward surge. RSI and MACD indicators align with the bullish outlook. 💡 Trade Strategy: Awaiting confirmation through the breakout of the Handle for a strong buy signal. Set stop-loss levels judiciously to manage risks. Targets are set based on Fibonacci extensions and key resistance levels. 📈 Conclusion: The meticulous analysis points towards a promising bullish ride for IOTX. As always, trade responsibly and adapt to evolving market conditions. Join the conversation - share your insights and let's ride this wave together! 🌊📈 👉 Disclaimer: This is not financial advice. Always conduct your research and consider risk management strategies.
Long
by mudusir
1
IoTeX chart analysis considering the adresses in profit🤑Here is a weekly IoTeX chart analysis considering the adresses in profit situation at every past peak🤑 I don't expect huge profit taking now since only 63% of all adresses are in profit right now. IOTX also not at FIB 50% or Golden Pocket so far after the clear bullish breakout. Much more room to grow dear Crypto Nation😎 Comments💭, Likes♥️ and Follow🔗appreciated dear Crypto Nation😎 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
Long
by Crypto4Everybody
4
IOTXUSDT → The pair may rise to 0.065. Waiting for confirmation BINANCE:IOTXUSDT is showing bullish momentum amid a correcting cryptocurrency market along with the flagship. The price is trying to break trend resistance. What can come out of it? On the high timeframe, the price forms a false breakout and a small correction relative to 0.04400. A retest is formed and the price returns to the resistance. On the background of pre-breakdown consolidation and another retest, the market has chances to break this line. Consolidation of the price above 0.04400 will show a bullish potential for purchases. On H4 we see a local downtrend and the price going beyond the resistance, which is a good signal for the medium term. The next hurdle is to overcome 0.04400. On H4, the price is trading above MA-50 and a retest of MA-200 is formed. Support levels: MA50, 0.04110, 0.03900 Resistance levels: 0.0440, 0.04888 There is a signal for a possible growth of the cryptocurrency pair, but to confirm this signal the market needs to overcome 0.0440 and consolidate the price above this line. Regards R. Linda!
Long
by RLinda
3
IOTX/USDT Reclaimed above the resistance, Continue Bullish move?💎 IOTX has been making notable strides in the market lately. It has successfully reclaimed its position above a key resistance level, which could be a positive indicator. 💎 Following its retesting phase, IOTX is poised for a probability upward trajectory as it aims to challenge the Bearish OB zone once more. However, should IOTX close below the resistance area daily, it could signify a false breakout. In such a scenario, there's a likelihood that IOTX might resume a downward movement, heading toward the demand zone. The demand area is critical for IOTX's recovery and upward continuation. A strong bounce in this zone is essential to prevent further decline. Failure to maintain momentum in this area could result in IOTX descending towards the support level, and possibly even lower, underscoring the significance of this juncture for its market trajectory.
by MyCryptoParadise_Nathan
IOTX - Descending Triangle - Potential Long Potential long trade with a break and retest of 0.051. At the beginning of the month we completed a formation of a descending triangle as seen here. The recent bearish price action appears to have been a false break to the downside (for now), however we will continue to watch closely BEFORE entry. The bounce at 0.039 did happen to occur at the 0.618 Fibonacci zone, however it would not be far fetched for price to continue lower for further liquidation before we see a significant rise in price.
Long
by NurseTrade
IOTX/USDT Process for retesting phase at the support!!💎 IOTX has notably captured the market's attention, especially after breaking through a key resistance area, which led to a substantial upward movement. However, IOTX hasn't yet entered a retesting phase at what was previously a resistance level, now acting as support. 💎 Recently, IOTX has shown a downward trend toward this support area, potentially signaling the start of a retesting phase before it can resume its upward trajectory. The Probability next notable target in this journey is the bearish OB area. 💎 During this critical retesting phase, it is essential for IOTX to demonstrate a robust bounce off the support area to continue its upward momentum. If IOTX fails to sustain above this support, there's a possibility it could break below this level, retreating towards the bullish OB zone around $0.028. 💎 The bullish OB zone at $0.028 becomes a crucial area for IOTX. For IOTX to maintain its bullish trend, a strong rebound from this level is necessary, aiming to surpass and sustain above the former resistance level. This rebound is crucial for IOTX to continue its ascent towards the strong resistance. Conversely, if IOTX fails to hold this bullish OB level and breaks down, it could indicate a shift towards a stronger support area.
by MyCryptoParadise
IOTX_USDTIoTeX (IOTX) has shown correction following its recent breakout and substantial rally. We anticipate two levels of support at this point, potentially leading to a resurgence and promising profit opportunities. Considering a long position here could allow us to ride the upward momentum towards the next resistance level indicated on the chart. However, it's crucial to exit if this support falters, employing leverage cautiously between 1x to a maximal 3x, and setting up a stop loss accordingly. Alternatively, monitoring the daily timeframe and exiting based on its fluctuations if this support level is lost could also be a viable strategy. Overall, IoTeX looks poised for a rebound in this scenario.
Long
by Seahawks_