IOTA (IOTA) Technical Price Analysis, June 18, 2018

IOTA (IOTA)

After trading in a small range for the past two days, IOTA resumed its fall towards the critical support at $0.9150. However, buying at the lows has resulted in a turnaround and has increased the possibility of a pullback to the $1.33 levels.

The IOTA/USD pair will gain strength after it breaks out of the 20-day EMA and the downtrend line. The resistances on the upside are at $1.755 and $2.03.

We shall wait for a new buy setup to form before suggesting any long positions in it.