FxWirePro: IOTA/USD sell opportunity

• IOTA/USD capped below 5-DMA at 2.6479, we see minor upside only on break above.
   
• Technical studies on intraday charts are bearish raising scope for downside.
   
• Price action remains capped below major exponential moving averages on 1H charts.
   
• 20-DMA has turned and price action currently rages below daily Ichi cloud.
   
• Downside finds major support at 100-DMA at 2.2412, breach below will accentuate weakness.

Support levels - 2.34 (minor trendline), 2.2414 (100-DMA), 2.15 (major trendline)

Resistance levels - 2.70 (trendline), 3.09 (cloud base), 3.2427 (20-DMA)

Recommendation: Good to go short on rallies around 2.55, SL: 2.70, TP: 2.35/ 2.25/ 2.15           

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