Technical Analysis : IOTA



IOTA/USD, 4-Hour Chart Analysis

IOTA fell below the vital $1.5 support amid the spike lower, and the coin needs to hold up above that level, to maintain the bullish long-term setup. As the short-term momentum is close to oversold, the coin could be ready to bounce, and we still expect the recovery to resume despite the recent weakness. The dominant declining trendline that capped the bounce is now at $1.85, just below the $1.9 resistance, while below, support is at $1.2 and $1.1.

Leave A Reply

Your email address will not be published.

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