IOTA: Price Analysis, August 27



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.


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.

Leave A Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.