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IOT/USD Technical Analysis: IOTA sees a low momentum bullish trend

IOT/USD looks to break $0.263 resistance in the short term.
The bears are still rallying back since the breakouts lack momentum, however, the bulls are standing their ground as of now.

FXStreet Team FXStreet

IOT/USD daily chart

The market has a slightly bullish breakout after the bearish flag formation.

IOT/USD hourly chart

The IOT/USD hourly chart forms a triangle which leads to a bullish breakout.
Resistance at $0.26 has been breached.

IOT/USD 4-hour chart

IOT/USD 4-chart forms the head and shoulders pattern.
The market is testing the $0.263 resistance level.

Key Levels

Resistance 3: $0.28474
Resistance 2: $0.27387
Resistance 1: $0.26768
Pivot Point: $0.25682
Support 1: $0.25063
Support 2: $0.23976
Support 3: $0.23358

Author

FXStreet Team

FXStreet

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