country flagالعربية
0

IOTA Technical Analysis | 19 March 2018

2018-03-19 07:00 am | Resource: Technical Analysis Section | No Views : 370

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

Other analysis

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any doubts.TradingPekk.com does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.