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Crypto Technicals: ETH/USD correction holds above 110-EMA, set to resume upside as bias remains bullish
Crypto Technicals: BTC/USD rangebound around 200H MA, retrace below channel top could drag the pair lower
Crypto Technicals: BCH/USD finds stiff resistance at 55W EMA at 358.85, break above to propel prices higher
Crypto Technicals: IOT/USD extends sideways along 110-EMA support, weakness only on break below
IOT/USD chart - Trading View
Exchange - Bitfinex
Support: 0.3861 (110-EMA); Resistance: 0.4081 (21-EMA)
Technical Analysis: Bias Neutral
IOT/USD extends sideways along 110-EMA support, bias neutral.
The pair finds stiff resistance at 21-EMA (currently at 0.4083) which is capping upside.
RSI is below 50 and Stochs are at oversold levels. Breakout above 21-EMA with turn in indicators will see upside.
The pair is making lower highs on the daily charts. RSI and Stochs converging nicely with price action.
On the flipside, breach at 110-EMA support will drag the pair lower. Next major support aligns at 61.8% Fib at 0.3571.
200-DMA is major support at 0.3417, break below negates any bullish bias.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
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