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Crypto Technicals: IOTA exhibits signs of near-term bearishness, close below 21-EMA confirms weakness

IOT/USD chart - Trading View 

Exchange - Bitfinex

Support: 0.3990 (50-DMA); Resistance: 0.4750 (Upper BB)

Technical Analysis: Bias is turning bearish

IOTA trades 4.05% lower on the day at 0.4202 at 10:30 GMT.

Bearish signs building in the pair, scope for near-term weakness.

RSI has slipped below 50, Stochs have turned and Stochastics RSI have rolled over from overbought level.

'Bearish Divergence' on RSI and Stochs on the daily charts keeps scope for weakness.

IOT/USD has broken below 21-EMA and is on track to test 50-DMA at 0.3988. 

Close below 21-EMA confirms weakness. Dip till 61.8% Fib at 0.3571 likely. 

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
 

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July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

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50 %

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Previous

48.6 %

January 31 00:00 UTC 774142774142m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 774142774142m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 785962785962m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 774142774142m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 785962785962m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 774142774142m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 774142774142m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 774142774142m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

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