"IOTX: Examining the Bearish Trend and Future Opportunities"
Bearish Setup for $IOTX: A recent analysis indicates a bearish liquidity grab setup for $IOTX/USDT, with price action rejecting an Advanced Order Block and trading below $0.502650, suggesting potential downside risks.
Market Structure and Support Levels: The market structure confirms a bearish trend, with liquidity at $0.02650 acting as a downside magnet; traders should monitor the $0.026-$0.03 range for confirmation of further bearish movement.
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Technical Analysis for IOTX
Technical Sentiment Analysis for IoTeX (IOTX) As of , IoTeX (IOTX) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for IOTX stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, IOTX is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
IoTeX (IOTX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.003 | 0.00404 | 0.00512 | 0.00616 | 0.00724 | 0.00828 | 0.00936 |
| Fibonacci | 0.00404 | 0.00485 | 0.00535 | 0.00616 | 0.00697 | 0.00747 | 0.00828 |
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