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IOTA Technical Analysis | 24 April 2019

2019-04-24 07:53 am | Resource: Technical Analysis Section | No Views : 59

IOTA Technical Analysis | 24 April 2019 IOTA against USD, this month failed to return again to the highest areas of 0.3573 $ due to weaker buyers' resolve.
And fell to break areas of $ 0.3232 as a result of the pressure of the bear and continued to decline to break areas of $ 0.3043, did not stop at that limit, but continued bleeding to areas of $ 0.2809.
IOTA Technical Analysis | 24 April 2019 
The digital currency is trading in a bearish direction on the 4 hour interval. This trend supports the break of the ascending trend line that took place last Saturday.
The breach of the rising trend line was confirmed by breaking the areas of 0.2955 $ during yesterday evening trading.

Analysis of technical indicators of the digital currency IOTA:

The index (Adx) indicates the strength of the bearish trend.
The simple moving average and the slow moving average are currently very bearish and constitute a very important resistance to the coded currency.
Moment of Machd with default settings is a bearish sign.

Outlook:

It is expected that, in the event of the IOTA break the area of $ 0.2911, crypto target $ 0.2769.
On the other hand, if the encrypted currency crosses the $ 0.3159 area, IOTA may target 0.3533 $.
Support: 0.2683 - 0.2494 - 0.2184
Resistance: 0.3036 - 0.3235 - 0.3573
Trend: Down

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