IoTeX Longterm TF Analysis (Bottomed Out=145% Bullish Potential)

8 thg 7, 2022

Good evening my fellow crypto-trader, I hope you are having a wonderful day.

Let's look at IoTeX (IOTXUSDT) on the weekly timeframe together...

We start with the major downtrend marked on the chart.
This downtrend has been broken.

Notice the long lower wick candle on the week of 9-May.
This wick sets the low.

We have a -9 on the TD Sequential after the low candle and then a higher low, signaling that the bottom is being formed.

After almost 2 months of consolidation, a bullish breakout shows up...
This is our signal.

Based on the above information we can expect additional growth.

145%+ mapped on the chart.

Note: The 9-May low can be used as the stop-loss.

Namaste.