Home IOTA Price Analysis: IOT/USD bulls push the price close to the $0.17 psychological level
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IOTA Price Analysis: IOT/USD bulls push the price close to the $0.17 psychological level

FX Street
Published date:
  • IOT/USD bounced off the support at SMA 20.
  • The Elliott Oscillator has had a green session after 11 red sessions.

IOT/USD daily chart

IOT/USD daily chart

IOT/USD went up from $0.1599 to $0.1674 this Friday as the bulls retained control for the fourth consecutive day. The price jumped above the triangle formation and will now look to overcome resistance at the $0.1734 line and the upper curve of the 20-day Bollinger band. The MACD shows increasing bullish momentum, while the Elliott Oscillator has had a green session after 11 red sessions. The narrowing of the 20-day Bollinger jaw indicates decreasing price volatility. 

Key levels IOT/USD

 

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