IOTA spikes incredibly on Monday testing the critical $0.34 resistance. Technical levels places IOTA in the hands of the bulls as more upward action is anticipated. IOTA is trading nearly 10% higher on the day on Monday. It is arguably, the best performing cryptocurrency on the market. IOTA is trailed closely by Ethereum Classic, which is trading 6% higher on the day, Read more: Ethereum Classic Overview Market: ETC/USD pushes symmetrical triangle breakout towards $13.00 At the time of writing, Iota is trading at $0.3365 after correcting higher from $0.3060 (opening price). An intraday high of $0.33991 has been achieved. However, the momentum appears to be grinding to a halt. Unless the resistance at $0.4 is broken, Iota could dive to erase the gains accrued on the day mainly due to the formation of a rising wedge pattern. According to the technical levels presented by the RSI, Iota is mainly in the hands of the bulls. The RSI at 83 has slowed down the upside momentum. Therefore, traders can be in the lookout for reversal signals, especially if the RSI retreats from the overbought. On the other hand, the MACD shows clearly that the bulls are in charge. For example, the indicator has a bullish cross within the positive territory, cementing the bulls’ presence and influence over the price. IOT/USD daily 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 China: GDP to expand at a slower pace in 2020 – UOB FX Street 2 years IOTA spikes incredibly on Monday testing the critical $0.34 resistance. Technical levels places IOTA in the hands of the bulls as more upward action is anticipated. IOTA is trading nearly 10% higher on the day on Monday. It is arguably, the best performing cryptocurrency on the market. IOTA is trailed closely by Ethereum Classic, which is trading 6% higher on the day, Read more: Ethereum Classic Overview Market: ETC/USD pushes symmetrical triangle breakout towards $13.00 At the time of writing, Iota is trading at $0.3365 after correcting higher from $0.3060 (opening price). An intraday high of $0.33991 has been achieved.… 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.
