Crypto Screener Forums Iota (MIOTA) Forecast – Technical Analysis Iota (IOT/MIOTA) Technical Analysis – February 2018 Reply To: Iota (IOT/MIOTA) Technical Analysis – February 2018

#1556
margincall
margincall
Keymaster

IOTA is still in a bearish downwards trend versus the US Dollar, not surprising as most of the bullish volume dissipated into the weekend.

iotausd forecast 11 feb 2018
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.