Can $IOTX still have ten times❓Simplified summary👇🏻

Can $IOTX still have ten times❓Can the Depin narrative of this cycle help break through the new high❓丨All-round analysis of the market

1. Let's first look at the daily K cycle. At present, it can be confirmed that the market is still in the trend, and it has previously walked out of the triangular relay structure (that is, the triangle formed by the intersection of the white and yellow lines in Figure 1)

But the pessimistic thing is that the overall high point of the market is suppressed, that is, the white trend line I drew in the middle, which means that the buyer's power on the current market is actually not as good as before

Of course, there are also reasons for the rotation of sectors, but the overall capital activity is indeed much lower

2. When we do analysis, many people want to ask: How many times can this be? Is there 10 times? Yesterday, a buddy who often interacts with me in the comment area asked

About this question, it is really very anti-human and very difficult to answer, because a ten-fold opportunity with high certainty, it is reasonable that everyone should choose to go all-in

But from the current perspective, it is impossible to say what certainty there is in the future

3. Then back to the market, put a new weekly K-line chart , we can see that the current price is just at the weekly K-level support in 21 years ago

Then we can determine one thing with a high probability, that is, this strong support level is likely to be the bottom of this round, because the larger the structure, the stronger the support effect. Once it breaks through and stands firm, we have to explore the next target

4. But if we look at the high point of the previous cycle, at 0.09-0.22 in the white box of Figure 2, it almost took a weekly K-level V-shaped inversion

This pattern has the most locked-in plates, and therefore it will become a big resistance at the level

Then the conclusion is, the current price of $IOTX is about 0.08, 10 times? That is 0.8, which is simply unimaginable

But under the superposition of a new round of capital injection + narrative rotation, two or three times is still very predictable (that is, about the previous high position)

This is the first target position we can see, but at the same time we also need to ask ourselves a question: Is there any other target with better odds than it?

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