Cryptocurrency

IOTA course analysis: bulls vs. bears

Welcome to our regular IOTA rate analysis. Today I show you what has happened since my last analysis of it all, and with what we do in the next few days may be expected. For this, we take a brief look at the IOTA rate against the Bitcoin exchange rate and the US Dollar.Please note: None of this articles listed is to Formulate in any way the trading recommendations. This and the following article are solely for the exchange of information with our readership. Neither crypto Monday nor the author of this text shall be liable for any loss incurred as a result of the trading decisions of our readers. DYOR!Do you want to get yourself on the market? You flexibility you it is important to be able to falling and rising prices? Then, we recommend our Broker comparison winner, and the award-winning platform from eToro. More info about the Broker you can find in our eToro Test 2019.75 % of private CFD accounts lose money. No EU investor protection.

IOTA price vs. Bitcoin price

Since my last analysis from Saturday, the IOTA course, compared to the Bitcoin course some ground to regain. Currently, the IOTA rate of around 2360 Sats. This corresponds to a price gain of around 5 percent compared to Bitcoin within the last 4 days.We take a look at the daily Chart of the IOTA and the Bitcoin exchange rate, we see that the IOTA of the course within the expected next week, a serious hurdle to face.Source: TradingviewIch am referring to the 50 MA line (green) that expresses the IOTA rate against Bitcoin for over a year steadily to the bottom. In places under the IOTA course of outbreaks, although, was able to establish the 50 MA line as a support line and fell back in consequence of this, again and again under this.The IOTA course, should not be able to keep his current level here, this could go with a further massive loss compared to Bitcoin hand-in-hand. So you should in your trading decisions, the ongoing dance between the IOTA course and the 50-day MA closely monitored.Trading on BitMEX, with up to 100-fold leverage. Do you want to move also larger sums, but the money is missing? On BitMEX, you can act through the lever with 100€ a volume of up to€ 10,000 and your profit times the verhundert. Of thinking but always remember, the higher the leverage, the greater the risk! Now on BitMEX sign up.

IOTA rates vs. US-Dollar

In my last analysis, I have made you aware of the fact that the IOTA course has moved since the end of November 2018, most of the time, in a price range between about 0.21 and $ 0.32. Currently, the market traded well 0,23 US $ per MIOTA.So he is just above the lower edge of his usual price range, which is at the same time a very important support line. We take a look at the 6-hour Chart between IOTA and the US Dollar, we can see that just above this support line is a short-term channel has formed.Source: trading view within the channel, the course moves in a month between 0.23 and 0.27 US dollars. Also good to see is that here, too, the 50-MA line (green) represents a clear line of resistance for the IOTA course.We go back to the 6-hour Chart in time a little further, you can clearly see that the 50 MA line is an important indicator.Source: trading view also you can see also clearly that of the IOTA course is still in a downward trend channel.In the last analysis I talked about that there could be a glimmer of light for the IOTA course, and, under certain circumstances, a rate increase of up to 50 percent is possible. It has changed to nothing. However, it is to overcome difficult obstacles are:The the key support line from 0.21 to 0.22 U.S. Dollars to Overcome the 6-hour Management, break out of the downward trend-channel should comply with these three conditions, I see good chances for a positive price movement in the direction of $ 0.32. However, it is still a long and arduous path.Read also: Ripple rate analysis: the XRP exchange rate against the BTC price at the beginning of a massive upward movement? Learn whether the XRP course provides a lucrative trading opportunity. For the analysis to go.What do you think about the IOTA course, and its course in the next few weeks? Will he be able to withstand pressure or more to crash? Come in to our Telegram Chat and talk with the experts and the Community. Subscribe to our News channel to not miss any news more. (Image Source: Shutterstock Trading View)

About the author

Eve Manning

Eve Manning

A native Texan, Eve first started out as a Finance Analyst and later realized that her true passion was not in trading but in writing. She leverages her experience in the Finance industry to analyse and write in-depth news articles covering the Cryptocurrencies, Economy & Finance industries.