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IOTA Price Analysis: IOT/USD bulls push the price close to the $0.17 psychological level

  • IOT/USD bounced off the support at SMA 20.
  • The Elliott Oscillator has had a green session after 11 red sessions.
IOTA Price Analysis: IOT/USD bulls push the price close to the $0.17 psychological level
Rajarshi MitraRajarshi MitraIndependent Analyst

IOT/USD daily chart

IOT/USD daily chart

IOT/USD went up from $0.1599 to $0.1674 this Friday as the bulls retained control for the fourth consecutive day. The price jumped above the triangle formation and will now look to overcome resistance at the $0.1734 line and the upper curve of the 20-day Bollinger band. The MACD shows increasing bullish momentum, while the Elliott Oscillator has had a green session after 11 red sessions. The narrowing of the 20-day Bollinger jaw indicates decreasing price volatility. 

Key levels IOT/USD

IOT/USD

Overview
Today last price0.166
Today Daily Change0.00700
Today Daily Change %4.40
Today daily open0.159
 
Trends
Daily SMA200.15844
Daily SMA500.15492
Daily SMA1000.21309
Daily SMA2000.21853
 
Levels
Previous Daily High0.1645
Previous Daily Low0.15288
Previous Weekly High0.16741
Previous Weekly Low0.14258
Previous Monthly High0.23794
Previous Monthly Low0.07551
Daily Fibonacci 38.2%0.16006
Daily Fibonacci 61.8%0.15732
Daily Pivot Point S10.15309
Daily Pivot Point S20.14717
Daily Pivot Point S30.14147
Daily Pivot Point R10.16471
Daily Pivot Point R20.17041
Daily Pivot Point R30.17633


 

Author

Rajarshi Mitra

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

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