IOTX technical price prediction
The previous article shared the views on the fundamentals of IOTX
Here I will give the basic ideas of IOTX at the current technical level
As shown in the figure below, from the 4H level moving average, it can be seen that since IOTX started to rise at US$0.04 in February 2024, the maximum increase is only 116%. This is not a big deal for a currency ranked in the top 150 of Binance.
And the current distance from the historical high of US$0.26 is only 1.5 times, and it is believed that this wave of market will inevitably reach a new high.
The best way to predict the high point of a round of market is our "K-line Journey to the West Strategy"
On the weekly line, IOTX is currently in the second round of weekly rise in the West. And Bitcoin has seen four rounds of weekly level rises in the West, and the first round of Bitcoin's weekly rise started in January 23.
Therefore, IOTX currently lags behind Bitcoin's three weekly rises. If it can correspond to Bitcoin, which has completed four weekly rises.
Then after the four weekly rises, the target point of IOTX is around US$0.77. Therefore, it can be concluded that IOTX still has 10 times of room to go.
Limited to the horizontal K-line Journey to the West strategy, the viewpoint is for reference only and is not used as an investment basis;
For IOTX fundamental issues, please click the link below to view