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IOTA Technical Analysis | 19 March 2018

2018-03-19 07:00 am | Resource: Technical Analysis Section | No Views : 724

IOTA Technical Analysis | 19 March 2018 IOTA (MIOTA) broke the rising trend line during the second week of this month on a 240-minute time frame as sellers pressured the default currency.
It is noteworthy that, this break is not yet confirmed as a result of the currency continued trading above the 1.20 area.
IOTA Technical Analysis | 19 March 2018
Currently, the digital currency is trading in a minor bearish direction and the main trend is still bullish, the SMA and the slow moving SMA are negatively cross which supports the downside move.
 The index of the moment of the MACD cross is now neutral and indicates a defect in the current bearish trend due to the presence of a positive technical deviation in the formation of the first class.
It is expected that, if the default currency breached the $ 2.20 area, the $ 4.43 area may be targeted while, in the case of a break of $ 1.19, the 0.3036 areas may be targeted.
Support: 1.19 - 1.00 - 0.3036
Resistance: 1.59- 2.2- 3.24
Trend: Down

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