IOTX has been one of the big winners of November, where it gained around 250% at some point.
However, IOTX has seen a strong rejection from the top of the bullish channel. I doubt that IOTX will touch the lower bound of the channel in the near future (unless we get a massive BTC sell-off), but I doubt that IOTX will continue to make new highs in the near future.
We could very well see a 50% drop in the coming weeks/months. See my analysis of XTZ below for a comparable pattern.
Happy trading!
However, IOTX has seen a strong rejection from the top of the bullish channel. I doubt that IOTX will touch the lower bound of the channel in the near future (unless we get a massive BTC sell-off), but I doubt that IOTX will continue to make new highs in the near future.
We could very well see a 50% drop in the coming weeks/months. See my analysis of XTZ below for a comparable pattern.
Happy trading!
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.