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