IOT/USD chart - Trading View
Exchange - Bitfinex
Support: 0.1825 (Trendline); Resistance: 0.2034 (5-DMA)
Technical Analysis: Bias Bearish
IOT/USD snaps downside, edges higher on the day to retrace above 0.20 handle.
The pair was trading 1.88% higher at 0.2011 at 10:00 GMT, after closing 3.42% lower in the previous session.
Recovery in the pair lacks traction, technical indicators do not support further upside.
GMMA shows both major and minor trend for the pair are strongly bearish and the Parabolic SAR also supports weakness.
Price action has been capped at 5-DMA which is immediate resistance at 0.2034. Series of strong resistance aligned till 0.2080.
Scope for test of trendline support at 0.1825. Break below will open downside for the pair. Fresh all time lows then likely.


FxWirePro: EUR/AUD downward momentum remains in place
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD recovers some ground but bears are not done yet
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
ETH Cracks $2,100 in Bitcoin’s Wake as Bearish EMA Stack Deepens; Sellers Target $1,900 on Rallies
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: USD/ZAR sell bias remains below key resistance zone 



