Crypto Technicals: BTC/USD consolidates previous session's spike, 'Golden Cross' keeps scope for further upside
Overbought & selling pressures in major trend signalled by leading oscillators, Bears fall back in range on failure swings at range resistance, RSI shows faded strength to plummet prices below EMAs
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.