IoTeX Getting Ready For Action | Aiming At 100%+

IoTeX (IOTXBTC) hit a peak back in early October, went on a retrace and it has been consolidating since.

The retrace for the last bullish wave hit below 1 Fib. retracement support and now is trading at 0.786 Fib (0.00000050), this is also marked by EMA10.

If IOTXBTC can be conquered the 50-52 satoshis, EMA10 and EMA50, it can easily move higher. The next target is set at 100% of profits.

This is just a quick analysis, additional details can be found on the chart.

Make sure to have a plan/strategy if you decide to trade.
This is not financial advice.

Namaste.

Kommentera: