Bullish action on Monday increases the bulls’ confidence in the recovery towards $0.30. The improving technical picture suggests the buyers’ grip will last longer. IOTA is among the selected few cryptos in the green. The new bullish action targets a breakout above the descending trendline resistance. IOTA is up a subtle 1.3% on the day from the weekend support at $0.2550. Despite the recovery, the price is still trading below the Simple Moving Averages. On other hand, the 50 SMA on the 4-hour chart is above the 100 SMA to show that the current bullish trend has a potential to last longer. Moreover, the Relative Strength Index gradual slope towards 70 signals an improving technical picture. The same upward momentum is emphasized by the Moving Average Convergence Divergence which is almost crossing into the positive territory. IOT/USD 4-hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Bank Indonesia to keep rates on-hold after four successive rate cuts – Reuters poll FX Street 3 years Bullish action on Monday increases the bulls' confidence in the recovery towards $0.30. The improving technical picture suggests the buyers' grip will last longer. IOTA is among the selected few cryptos in the green. The new bullish action targets a breakout above the descending trendline resistance. IOTA is up a subtle 1.3% on the day from the weekend support at $0.2550. Despite the recovery, the price is still trading below the Simple Moving Averages. On other hand, the 50 SMA on the 4-hour chart is above the 100 SMA to show that the current bullish trend has a potential to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
