๐ Technical Analysis โ IOTA/USDT
โณ Time Frame: 4D
๐ฑ Pair: IOTA/USDT
๐ Current Price on Chart: Around $0.0425
๐ Main Structure: Long-Term Downtrend
๐ Pattern: Descending Trendline / Downtrend Structure
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๐ Descending Trendline Structure
The IOTA/USDT chart shows a clear long-term bearish structure. Price has continued to trade below the descending trendline since the major peak around $0.63, forming a sequence of lower highs and lower lows.
๐ป The yellow trendline acts as a dynamic resistance. Each time price approaches this trendline, selling pressure appears and price experiences rejection.
๐ As long as price remains below the descending trendline, the primary market structure remains bearish.
โ ๏ธ However, the longer price consolidates near the lower range and repeatedly approaches resistance, the potential for a breakout becomes increasingly important to monitor.
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๐งฉ Pattern Explanation
๐ A Descending Trendline is a bearish market structure characterized by a resistance line that slopes downward from left to right.
๐ป On this chart, the trendline connects multiple lower highs, indicating that sellers remain in control of the long-term trend.
๐ The structure could begin shifting toward bullish conditions if price manages to break out and close strongly above the descending trendline.
๐ก A breakout represented only by a wick, without confirmation from a candle close, should not yet be considered a valid breakout.
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๐ข Bullish Scenario
๐ Key Confirmation: IOTA breaks above and holds above the descending trendline.
๐ If the breakout occurs with a strong 4D candle close, bullish momentum could begin to develop.
๐ฏ Following a breakout, the horizontal levels marked on the chart become important resistance areas that could potentially turn into support:
1๏ธโฃ $0.0520 โ Initial resistance/support
2๏ธโฃ $0.0630 โ Next resistance
3๏ธโฃ $0.0725 โ Important resistance area
4๏ธโฃ $0.0810 โ Further resistance
5๏ธโฃ $0.1050 โ Major resistance target
๐ฅ If price successfully breaks above $0.1050, the medium-term recovery structure could become significantly stronger.
๐ The ideal bullish sequence would be:
Breakout โ Trendline Retest โ Hold as Support โ Continuation Higher
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๐ด Bearish Scenario
โ ๏ธ If IOTA is rejected again at the descending trendline, the bearish structure remains valid.
๐ Failure to break above the trendline could cause price to move back toward the lower support zones.
๐ป If selling pressure increases and the $0.0425 area fails to hold, attention could shift toward $0.0350.
๐จ Losing the major low around $0.0310 would indicate stronger weakness and could potentially open the door to further downside.
โ Until a confirmed breakout occurs above the descending trendline, any upward movement could still be considered a rebound within the broader downtrend.
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๐ฏ Key Levels on the Chart
Level Description
๐ข $0.1050 Major resistance
๐ก $0.0810 Important resistance
๐ก $0.0725 Resistance
๐ก $0.0630 Resistance
๐ก $0.0520 Initial resistance/support
โช $0.0425 Current price on chart
๐ด $0.0350 Lower support
๐ด $0.0310 Major low / key support
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๐ฅ Conclusion
๐ Main Bias: Bearish as long as price remains below the Descending Trendline.
๐ข Bullish: A confirmed breakout followed by a 4D candle close above the descending trendline could provide an early indication of a potential structural shift. The key levels to watch are $0.0520 โ $0.0630 โ $0.0725 โ $0.0810 โ $0.1050.
๐ด Bearish: Rejection from the descending trendline combined with a loss of support could push price back toward $0.0350โ$0.0310.
๐ Most Important Areas to Watch: Descending Trendline + $0.0520.
๐ A confirmed breakout and successful retest would provide a stronger bullish signal than merely seeing a wick above the trendline.
โ ๏ธ Disclaimer: Technical analysis represents probability-based scenarios and does not guarantee future price movements. Always conduct your own research before making any financial decisions.
#IOTA #IOTAUSDT #IOTAAnalysis
Sep 15, 2026 ยท byTradingView Ideas