Hi friends, hope you are well, and welcome to the new update on IoTeX (IOTX) coin.
Big channel and 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.
https://www.tradingview.com/chart/IOTXUSDT/wgqIbmDy-This-Can-Be-Wonderful-Buy-The-Dip-Opportunity-For-IoTeX-IOTX/
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.
You can also support my work at Patreon for more ideas:
https://www.patreon.com/moon333
In order to play and watch the current performance of the chart you need at least a free account on tradingview:
https://www.tradingview.com/gopro/?share_your_love=moon333
KuCoin is one of the best exchange to find crypto gems:
https://www.kucoin.com/ucenter/signup?rcode=rJSDVT3
Link for BINANCE exchange, to trade crypto:
https://www.binance.com/?ref=11256882
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.
