IOT/USD chart - Trading View
Exchange - Bitfinex
Support: 0.2350 (Apr 26 low); Resistance: 0.2807 (21-EMA)
Technical Analysis: Bias Bearish
IOT/USD trades marginally lower on the day at 0.2560 at 06:00 GMT.
Momentum studies are highly bearish, scope for further weakness.
The pair hovers around major trendline support at 0.2585. Decisive break below will see further downside.
Technical indicators support downside. Price action below cloud and major moving averages.
'Death Cross' (bearish 50-DMA crossover on 200-DMA) to plummet prices further.
GMMA indicator and parabolic SAR support weakness in the pair.
Next immediate support lies at 0.2350 (Apr 26 low) ahead of 0.2075 (Dec 15 2018 low).
5-DMA is immediate resistance at 0.2612. Bearish invalidation only above 200-DMA.


FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
FxWirePro- Major Crypto levels and bias summary
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80 



