Follow up and review the previously analyzed $IOTX : We stil | SJ Crypto on Binance Square

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Follow up and review the previously analyzed $IOTX : We still have the same line and the shape is still drawn there, just add one more MACD indicator for everyone
The previous triangle convergence did not break through successfully, and it was buried back, and then it continued to test and break through. So the market has continued to build a small relay now
This position is also very critical, because if this long-short game area is separated, it will be a strong resistance or strong support in the small cycle
(Because we use the daily K chart, we can see more details of the long-short game when we cut to the small cycle)
We now add indicators to cooperate with me Our analysis: MACD is moving very healthily, and a golden cross is about to appear on the zero axis. Although the indicator line and the K line are divergent, because they are on the zero axis, the bulls' space is obviously larger🔺
At this time, divergence is also the first to look at the callback, but friends who often use the MACD of the daily K know that the accuracy of this level of divergence will be reduced
So overall, we still have a more positive attitude towards the market outlook
#IOTX物联网+AI 
As for the fundamentals of this project, I don't think I need to repeat too much. It is in the quoted content, or you can search for popular science articles. In the final analysis, there will be no major problems with the fundamentals of this project

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$IOTX patterns are nested, how will the market go in the future? Can it be 10 times? Where is the target?

Previously, $IOTX reached the upward trend line and supported the stop-fall, and the pattern showed the convergence of the triangle relay, and then the market released various news to cooperate with marketing

It has begun to gradually break through this convergence area, and only needs to wait for the current daily K-line to close to preliminarily determine the bullish trend

Explain this convergence pattern: Generally, it is an excessive market after a trend market, and the pattern of the long and short K-lines will gradually shorten, which means that the differences in prices are constantly decreasing

When this pattern is broken, it is when one of the parties is eliminated. At this time, if a K-line with volume appears and closes steadily, it means that the initial consensus of the market has been reached

And the other technical indicators at the current daily K cycle level are also coordinated, and it is quite healthy. It can be foreseen that the marketing plan cooperates with the market making. The first target of this wave is the previous K The previous high of the line (0.09-0.1) is very promising

I will continue to follow up at that time, because 0.09-0.1 is also a nested resistance. Today, I popularized the use of support and resistance for a day: in a trending market, resistance can be used as a reference point for long orders to stop profit, and then break through to continue to make breakthrough orders

IOTX is an old project, and it has gone through two cycles in the market, but the rise of #Depin赛道 in this cycle is expected to make these old projects stir up waves again

And what's even more outrageous is that these projects that have experienced two rounds of bull and bear cycles can actually raise funds: market news says that the ecosystem has raised 50 million, and this money is used to promote the development of the Depin track in the IOTX market

In the past, I always thought that the concept of the Internet of Things was quite abstract. I didn't expect that this round of the market could take advantage of the momentum of Depin to take off
#IOTX物联网+AI #热门话题

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