IOTA Price Analysis: IOT/USD bulls push the price close to the $0.17 psychological level

IOT/USD bounced off the support at SMA 20.
The Elliott Oscillator has had a green session after 11 red sessions.

Rajarshi Mitra Independent Analyst

IOT/USD daily chart

IOT/USD went up from $0.1599 to $0.1674 this Friday as the bulls retained control for the fourth consecutive day. The price jumped above the triangle formation and will now look to overcome resistance at the $0.1734 line and the upper curve of the 20-day Bollinger band. The MACD shows increasing bullish momentum, while the Elliott Oscillator has had a green session after 11 red sessions. The narrowing of the 20-day Bollinger jaw indicates decreasing price volatility.

Key levels IOT/USD

IOT/USD

Overview
Today last price	0.166
Today Daily Change	0.00700
Today Daily Change %	4.40
Today daily open	0.159

Trends
Daily SMA20	0.15844
Daily SMA50	0.15492
Daily SMA100	0.21309
Daily SMA200	0.21853

Levels
Previous Daily High	0.1645
Previous Daily Low	0.15288
Previous Weekly High	0.16741
Previous Weekly Low	0.14258
Previous Monthly High	0.23794
Previous Monthly Low	0.07551
Daily Fibonacci 38.2%	0.16006
Daily Fibonacci 61.8%	0.15732
Daily Pivot Point S1	0.15309
Daily Pivot Point S2	0.14717
Daily Pivot Point S3	0.14147
Daily Pivot Point R1	0.16471
Daily Pivot Point R2	0.17041
Daily Pivot Point R3	0.17633

Author

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.