- IOT/USD MACD indicator shows sluggish market momentum.
- The daily market has found support on the SMA 20 curve.
IOT/USD has gone down from $0.277 to $0.274 so far today. This Tuesday, the price went up to $0.283, where it encountered resistance and eventually dropped down. The hourly breakdown shows us that the price fell to $0.271, where it found short-term support and went up to $0.277 to close out Tuesday. Since then, the market experienced four straight bearish hours to drop down to $0.274. The market has found support on the 20-day Simple Moving Average (SMA 20) curve.
IOT/USD daily chart
IOT/USD is trending above the SMA 20 and SMA 50 curves. The 20-day Bollinger jaw has narrowed, indicating decreasing market volatility. The Moving Average Convergence/Divergence (MACD) indicator shows that the market is going through sluggish momentum. The Elliott Oscillator has had a bearish session, while the Relative Strength Index (RSI) indicator is trending around the neutral zone.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.