IOTX Weekly Chart Analysis

10. Juli

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Now, let’s dive into this chart analysis:

#IOTX is under a symmetrical triangle pattern, breaking down below the 50 EMA. The price is in a downtrend, suggesting a further 35% to 40% drop from the current market price (CMP).

If IOTX breaks above the resistance trendline, whether from the CMP level or after reaching the mentioned support, it will create a bullish sentiment and a 5x to 10x rally can be expected.

The lower support level at $0.013 will still hold the fall if we see a breakdown below the triangle.

- CMP: $0.03712
- Primary Support: $0.024
- Lower Support: $0.013
- Primary Resistance: $0.0628
- Long-term Target: $0.263

DYOR, NFA.

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