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IOTA Technical Analysis | 20 June 2018

2018-06-20 09:07 am | Resource: Technical Analysis Section | No Views : 89

IOTA Technical Analysis | 20 June 2018 IOTA against USD during last week's trading broke the rising trend line and continued to fall as far as the $ 1.19 support area and is currently trying to break it.
The digital currency is trading in a downtrend forming on the interval of 240 minutes, supported by breaking the bullish trend line and currently traders need to break the 1.19 area to confirm Bear's strength.
IOTA Technical Analysis | 20 June 2018
The simple moving average and the slow moving SMA are neutral.
The momentum indicator of MACD with default settings is neutral.

Outlook:

It is expected that, in the event of the penetration of the digital currency IOTA region $ 1.25 may target the area $ 1.7.
On the other hand, in the case of a currency break encrypted area $ 1.082 may target areas of $ 1.3768.
Support: 1.00 - 0.85 - 0.7
Resistance: 1.19 - 1.19 - 1.9581
Trend: Down

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