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IOTA Price Forecast: IOT/USD rise hampered by the SMA 20 curve

  • IOT/USD bulls managed to break the $0.23 price barrier.
  • The SMA 20 curve acts as immediate market resistance. 
  • The Elliott Oscillator has had a green session, following 11 straight red sessions.

IOT/USD daily chart

IOT/USD daily chart

IOT/USD jumps from $0.217 to $0.231 as the bulls took charge broke past the $0.22 and $0.23 psychological levels. The MACD shows decreasing bearish market momentum, while the Elliott Oscillator has had a green session after 11 straight red sessions.

Support and Resistance

The SMA 20 curve acts as immediate market resistance. Up ahead, strong resistance levels lie at $0.24 and $0.25. On the downside, healthy support levels lie at $0.225, $0.217, SMA 50 and SMA 200.

Key levels

IOT/USD

Overview
Today last price0.2309
Today Daily Change0.01356
Today Daily Change %6.24
Today daily open0.21734
 
Trends
Daily SMA200.23176
Daily SMA500.21086
Daily SMA1000.18184
Daily SMA2000.20383
 
Levels
Previous Daily High0.22147
Previous Daily Low0.21652
Previous Weekly High0.23036
Previous Weekly Low0.20317
Previous Monthly High0.24165
Previous Monthly Low0.16622
Daily Fibonacci 38.2%0.21958
Daily Fibonacci 61.8%0.21841
Daily Pivot Point S10.21542
Daily Pivot Point S20.21349
Daily Pivot Point S30.21047
Daily Pivot Point R10.22037
Daily Pivot Point R20.22339
Daily Pivot Point R30.22532


 

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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