Crypto Screener › Forums › Iota (MIOTA) Forecast – Technical Analysis › Iota (IOT/MIOTA) Technical Analysis – February 2018 › Reply To: Iota (IOT/MIOTA) Technical Analysis – February 2018
IOTA is still in a bearish downwards trend versus the US Dollar, not surprising as most of the bullish volume dissipated into the weekend.
The chart is showing us that there is solid resistance above $2 and the bulls need to keep the prices above the two dollar range if they want to win this battle.
The rejection of the MA is a confirmation to our current bearish dilemma as well the down trend line getting hit a third time.
If the bulls fail to push prices higher I am confident that we will revisit the lower price ranges again before get more clarity on the direction of the market.