IOTA: Price Analysis, August 27

5

IOTA/USD

After consolidating in a tight range for about 10 days, IOTA is trying to break out of the 20-day EMA. If successful, it should move up to $0.6872 and thereafter to the 50-day SMA.




IOTA/USD




As the price has sustained above the range and the 20-day EMA for the past few hours, traders can buy the IOTA/USD pair at the current levels with the stop loss at $0.46.

On the other hand, if the bears sink the prices below $0.46, the pair can drop to $0.4037.

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