Crypto Technicals: IOT/USD pauses upside at 0.51 mark, bias bullish

IOT/USD chart - Trading View

Exchange - Bitfinex

Support: 0.3949 (21-EMA); Resistance: 0.6100 (Oct 8th high)

Technical Analysis: Bias Bullish

IOT/USD has paused upside at the 0.51 mark, bias remains bullish.

The pair has on the day, retraced from session lows at 0.4607 and was trading at 0.4840 at 07:40 GMT.

Momentum studies are bullish, Stochs and RSI are sharply higher.

Price action above cloud and major moving averages which are biased higher.

'Golden Cross', positive DMI dominance and rising MACD supports further gains.

21-EMA is strong support at 0.3949. Break below could see dip till 200-DMA. Violation there negates bullish bias.

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