Crypto Technicals: IOT/USD holds 200-SMA support, break below eyes 21-EMA (0.43)

IOT/USD chart - Trading View

Exchange - Bitfinex

Support: 0.4308 (21-EMA); Resistance: 0.5235 (Upper BB)

Technical Analysis: Bias Bearish

IOT/USD edges higher from session lows at 0.4650, bias has turned bearish.

The pair has held support at 200H-SMA which is strong support at 0.4696.

Break below will see weakness, drag till 21-EMA at 0.4311 likely.

'Bearish Divergence' on RSI and stochs adds to the downside bias.

RSI and Stochs are now biased lower and 5-DMA has turned.

Major trend is still bullish, failure to break below 200H SMA will see resumption of upside.

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