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 - EconoTimes)
IOT/USD chart - Trading View
Exchange - Bitfinex
Support: 0.4308 (21-EMA); Resistance: 0.5235 (Upper BB)
Technical Analysis: Bias Bearish
IOT/USD edges higher from session lows at 0.4650, bias has turned bearish.
The pair has held support at 200H-SMA which is strong support at 0.4696.
Break below will see weakness, drag till 21-EMA at 0.4311 likely.
'Bearsih Divergence' on RSI and stochs adds to the downside bias.
RSI and Stochs are now biased lower and 5-DMA has turned.
Major trend is still bullish, failure to break below 200H SMA will see resumption of upside.
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