IOTA Outperforms But Meets 50 EMA Resistance Area

2018-11-12 19:34

There have been mixed performances in the cryptocurrency market today. The market leader Bitcoin has been trading flat while some altcoins appreciate and others record losses. IOTA, the thirteenth ranked cryptocurrency by market cap, has been one of the cryptocurrencies showing gains today.

The cryptocurrency has appreciated from around $0.485 to about $0.502 today but seems to be meeting some key resistance at the 50 EMA. The cryptocurrency has been trading under the 50 EMA since early June, and it is questionable whether it can overcome the 50 EMA at this point. It has tested the moving average numerous times.

It likely depends on the movements of the overall market from this point to determine whether IOTA can overcome the 50 EMA. With market leader Bitcoin currently trading flat today, there is no strong indication that it will overcome the resistance point today.

IOTA Daily Chart – Source: TradingView.com

The hourly chart for IOTA shows in closer detail the performance recorded today. A golden cross has just formed with the 50 EMA crossing the 200 EMA to the upside, but this is likely to have little impact given the daily 50 EMA resistance.

The rises today have been on significant volume. Price has since started to retrace, but with the drops being on far less volume, the price could be setting up for another run to test the daily 50 EMA. The MACD continues to diverge to the upside showing that the shorter-term momentum is with the buyers.

IOTA Hourly Chart – Source: TradingView.com Key Takeaways: IOTA one of the altcoin outperformers today but has met some resistance at the 50 EMA. Price has traded under the 50 EMA since early June. Golden cross has formed on the hourly but likely to have little impact. The volume on today’s rise is much larger than it had been for recent drops. Price could be setting up for a test of the daily 50 EMA. If an influx of buyers does not bring price above the 50 EMA, it likely depends on the movements of the overall market to determine whether price can overcome this key resistance point.

 

IOTA Outperforms But Meets 50 EMA Resistance Area was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Global Cryptocurrency (GCC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0010183 (-100%)

cryptocurrency market iota today meets bitcoin area

Источник: blokt.com

cryptocurrency market → Результатов: 126


U.S. vs China Battle for Financial Dominance: What’s the Impact on the Cryptocurrency Landscape?

As a seasoned cryptocurrency analyst, it’s clear that the international financial system is at a critical juncture. The geopolitical tensions between the U. S. and China, the rise of CBDCs, and the need for regulation in the crypto market are all factors that could significantly impact the global economy and the crypto market.

2023-6-27 22:00


Фото:

New Token, Metamortals Aims To Overtake Axie Infinity To Lead the P2E Cryptocurrency Market

As the cryptocurrency market widens and more industry players look to improve on existing use cases, the cryptoverse may be due for a shift. As a result, we’re witnessing a rise in an ecosystem where players enjoy the full benefits of the blockchain and crypto world, from staking for high rewards to unlocking higher yields […]

2022-8-19 19:07


Фото:

“Bitcoin Is About To Make Fiat Institutions Like The IMF Obsolete,” Says Market Analysts

The cryptocurrency industry’s growth has drawn a lot of attention, especially in 2021. Commentators in government at the international and national levels have had to express their stance on the industry and in particular, Bitcoin – which is the largest cryptocurrency by market valuation as well as the pioneer cryptocurrency.

2021-9-1 19:12


Фото:

This Indicator Suggests Bitcoin is Slowly Reaching Overheated Levels as Rally Slows

Bitcoin and the entire cryptocurrency market have been caught within a firm uptrend as of late, but it has transformed into consolidation throughout the past couple of days BTC and its smaller counterparts are all trading sideways, with bears trying to gain an edge over bulls as they slowly push the cryptocurrency lower Where the market trends in the near-term should depend largely, if not entirely, on whether or not BTC can surmount $40,000 once […]

2021-1-10 22:00


Фото:

Ethereum’s Bullish Trend May Not Stop It from Seeing a Strong Correction: Analyst

Ethereum and the entire cryptocurrency market have been facing some immense turbulence throughout the past few days and weeks The selling pressure seen by the cryptocurrency within the upper-$600 region has been quite intense, and may cause it to face continued weakness One trader is now noting that where the market trends next will depend mostly, or entirely, on Bitcoin He notes note that he is looking for ETH to see a strong correction over […]

2020-12-23 01:00


Altcoins Pumping on Cryptocurrency Exchange Listing Brings Back Memories Of Bull Market

You can’t teach an old dog new tricks, but apparently, listing an older cryptocurrency on a new exchange can bring back memories of the cryptocurrency bull market that once was. An altcoin being listed on Binance has resulted in nearly a 100% intraday pump – something that hasn’t been seen since crypto prices and exuberance […]

2020-6-22 20:30


Фото:

Cryptocurrency News Roundup for March 12, 2020

It’s the textbook example of a market bloodbath — there’s no way to sugarcoat it. Cryptocurrency traders who didn’t get a chance to react had the worst of it. Almost $100 billion was wiped from the market cap over the past 24 hours, with Bitcoin closing 38% in the red and some major altcoins lost […] The post Cryptocurrency News Roundup for March 12, 2020 appeared first on BeInCrypto.

2020-3-13 11:21


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru