IOTA Price Up With 2.1% 🔺. What Now With IOTUSD?? | FAST&CLEAR | 24.May.2023
Hey fellow crypto Enthusiast welcome to today’s quick Trend analysis here we go in this video you will see in which direction the price of Iota has moved recently Additionally you will find out what the technical indicators EMA Divergence stochastic RSI and macd are predicting about its price and future movements
If you are not familiar with the indicators check out the explanation videos Down Below in the description looking at the Iota hourly time frame the price went up by around 2.1 percent in the last 24 hours with a current price of 19.1 cents it’s evident that the buyers are taking
Over because the volume was high showing that the move was strong jumping to the hourly exponential moving averages at the moment the price is above the hourly ribbon which can be perceived as bullish and the ribbon could play as a support this means that you should watch if the
Price could bounce off the ribbon the current price to watch is around 18.6 cents the ribbon is spread out so the support should be strong searching for Divergence in the hourly time frame there was a bearish Divergence and the price already went down jumping to the hourly stochastic RSI
There are no signs of the stochastic RSI being oversold or overbought at this time but we can see that the trend is currently going down because the K line is below the D line looking at the hourly macd the trend is currently going down because the macd line is below the signal line
The macd histogram shows that the momentum is currently strong and it could be expected the price to go further to the downside looking at the free hourly exponential moving averages at the moment the price is above the free hourly ribbon which can be perceived as bullish and the
Ribbon could play as a support this means that you should watch if the price could bounce off the ribbon the current price to watch is around 18.3 cents the support should be considered because the ribbon is more or less spread out jumping to the free hourly stochastic
RSI both the percent K and percent D lines are located in the higher region this means that the price is high due to overbuying and the change in the trend or at least some kind of consolidation can be expected the K line is currently located below the d-line meaning that there is a
Downwards trend moving to the free hourly macd seeing as the macd line is above the signal line meaning that the trend is currently on the up however the macd histogram shows that the momentum is currently shifting to the downside and it could be expected that the price will consolidate and it
Is better to wait and see if the macd line will cross the signal line which will be bearish looking at the daily exponential moving averages the current price is in the daily ribbon so it is to see if the price can break the resistance currently at around 19.7 cents
The resistance should be considered because the ribbon is more or less spread out moving to the Daily stochastic RSI currently both the percent K and percent D lines are very high meaning that the crypto is being highlight bought and the change in the trend can be expected or
For it to remain at least stable for some time despite this the K line has yet to cross the d-line so patients should be exercised until you see if the trend will in fact go down looking at the daily macd the macd line is above the signal line which shows
That the current trend is on the upside the macd histogram shows that the momentum is currently strong and it could be expected the price to go further to the upside generally the bigger time frames have a bigger impact on the price so please keep that in mind when we show different
Time frames showing contrasting indicators also the shorter time frames are only representative for the short-term Trading thanks for watching new videos are uploaded every few hours analyzing various cryptocurrencies so be sure to subscribe so you don’t miss out if there is something that you didn’t understand leave us a comment below and
We’ll get back to you you should know that trading with cryptocurrencies is very risky and these videos are only an overview of what happens with the price and the pure technical analysis without considering the fundamentals so you should read more and make your own investing decisions see you next time next time
AI powered professional analysis of the current price and trend for IOTA / IOTUSD. Hope you enjoyed this price analysis of IOTA / IOTUSD and subscribe to get fresh videos every day.
➡️➡️ RSI Explanation: https://youtu.be/C6A4Mwxerd8 ⬅️⬅️
➡️➡️ Stochastic RSI Explanation: https://youtu.be/7w_OKdrZEfU ⬅️⬅️️
➡️➡️ EMA Explanation: https://youtu.be/xqR5b6NhIgE ⬅️⬅️️
➡️➡️ Divergence Explanation: https://youtu.be/8tUpgEn0Alg ⬅️⬅️️
➡️➡️ MACD Explanation: https://youtu.be/ISLaqBSj65A ⬅️⬅️
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DISCLAIMER: Trading with IOTA and generally with cryptocurrencies is very risky! These videos are not a financial advice, as they are just a personal opinion and analysis of the market. We are not responsible for your trades and investments. Always do your own research before investing!