Crypto Technicals: IOT/USD extends weakness below 21-EMA, bears target 0.2580

IOT/USD chart - Trading View 

Exchange - Bitfinex

Support: 0.2580 (Apr 28 low); Resistance: 0.3005 (21-DMA)

Technical Analysis: Bias Bearish

- IOT/USD has edged higher from session lows at 0.5762

- The pair is extending weakness below 21-EMA, bias bearish

- Price action below cloud and moving averages

- Stochs and RSI are sharply lower and -ve DMI dominance adds to bearish bias 

- Next bear target lies at 0.2580 (Apr 28 low). Retrace above 21-EMA negates bearish bias

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