Regulatory Series On Cryptocurrencies: Eurozone Banking Community’s Inclination For CBDC And Blockchain Amid Pandemic Crisis
Blockchain Revolution Series: California-Based Berry Producer Associates With IBM For Blockchain-Based Food Tracking System
Digital Currency Revolution Series: Heads-Up On Bitcoin Block-Halving Event, Long Hedges Intact As BTC Buyers Returned
Cryptocurrency Derivatives Series: FxWirePro’s BTC Long Hedges In Play When Bitcoin Skyrockets To $9k Territory
Blockchain Revolution Series: Tencent Holdings To Invest Huge For Tech-Infra Including Blockchain, AI & Cyber Security
Digital Currency Revolution Series: Goldman Sachs Exhibits Reluctance In Bitcoin For Asset Portfolio
Crypto Technicals: Bitcoin Bulls Resume Upon 7-DMA Support, Heads-Up On Short Liquidations And Long Hedges
Digital Currency Revolution Series: Can Ripple Penetrate Japan? FXcoin Pilots Remittance-Friendly XRP
Crypto Technicals: IOT /USD forms successive Dojis at cloud resistance, dents scope for upside continuation
IOT/USD chart - Trading View
Exchange - Bitfinex
Support: 0.2472 (21-EMA); Resistance: 0.2562 (50-DMA)
Technical Analysis: Bias Neutral
IOT/USD extends range trade below cloud resistance, intraday bias is neutral to slightly bullish.
Stochastics show bullish momentum, but RSI remains flat at 50 levels.
The pair has formed successive Dojis on the daily candles, denting scope for further gains.
The pair is holding gains above 200H SMA, but bearish divergence on RSI and Stochs raises scope for dips.
21-EMA is strong support at 0.2472, break below will see major weakness.
On the flipside, break above 50-DMA (0.2562), into daily cloud will see further gains.
Next major resistance lies at 23.6% Fib at 0.2990 ahead of 100-DMA at 0.3165.