IOTA Price Analysis: IOT/USD bulls take control, breaks above SMA 20

IOT/USD went up from $0.1413 to $0.145 this Thursday.
The Elliott Oscillator has had 11 consecutive green sessions showing that the buyers have full control of the market.

Rajarshi Mitra Independent Analyst

IOT/USD daily chart

IOT/USD bulls retained control of the market as the price consolidates in a triangle formation. IOT/USD has gone up from $0.145 to $0.1476 in the early hours of Friday, following a bullish Thursday wherein the price rose from $0.1413 to $0.145. IOT/USD has managed to break past the resistance at the SMA 20 curve but is still hovering comfortably below the green Ichimoku cloud. The MACD indicates increasing bullish momentum, while the RSI is hovering around 45.20. The Elliott Oscillator has had 11 consecutive green sessions showing that the buyers have full control of the market.

Key Levels

IOT/USD

Overview
Today last price	0.14793
Today Daily Change	0.00285
Today Daily Change %	1.96
Today daily open	0.14508

Trends
Daily SMA20	0.1489
Daily SMA50	0.22201
Daily SMA100	0.21799
Daily SMA200	0.2342

Levels
Previous Daily High	0.14563
Previous Daily Low	0.13805
Previous Weekly High	0.16399
Previous Weekly Low	0.09208
Previous Monthly High	0.36971
Previous Monthly Low	0.2031
Daily Fibonacci 38.2%	0.14273
Daily Fibonacci 61.8%	0.14095
Daily Pivot Point S1	0.14021
Daily Pivot Point S2	0.13534
Daily Pivot Point S3	0.13263
Daily Pivot Point R1	0.14779
Daily Pivot Point R2	0.1505
Daily Pivot Point R3	0.15537

Author

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.