Digital Currency/Stablecoin/Tokenization Series: Tokenized Assets Or Cryptos? Central Bank Of Russia Caught Between Two Stools
Cryptocurrency Derivatives Series: Deribit Unveils Ether Options To Expand Crypto-Derivatives Marketplace
Blockchain Revolution Series: Quick Run Through on DeFi’s Adoptability That Comes As Blessing In Disguise
Crypto Technicals: BTC/USD consolidates previous session's spike, 'Golden Cross' keeps scope for further upside
FxWirePro: Taiwanese dollar falls gradually against U.S. dollar, Taiwan’s industrial production data in focus
Regulatory Series on Cryptocurrencies: Regulatory Concerns Revolving Around Crypto-Industry Ahead of 2020 US-Election
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto Technicals: IOT/USD bias higher on intraday charts, 'Death Cross' and 21-EMA resistance likely to keep upside limited
IOT/USD chart - Trading View
Exchange - Bitfinex
Support: 0.22 (Aug 15 low); Resistance: 0.2657 (21-EMA)
Technical Analysis: Intraday Bias turning slightly Bullish
IOT/USD was trading 2.32% higher on the day at 0.2529 at 10:50 GMT, intraday bias is turning bullish.
The pair is consolidating break above 200H SMA. Price action has broken above 55-EMA on 4H charts and 110-EMA on 2H charts.
Volatility is rising on the intraday charts raising scope for upside continuation.
That said, 'Death cross' (bearish 50-DMA crossover on 200-DMA' and stiff resistance at 21-EMA likely to keep upside limited.
Breakout at 21-EMA will see upside continuation. Scope then for test of 23.6% Fib at 0.2990.
Major trend is bearish. Rejection at 21-EMA will see downside resumption.