IOTA: Crypto investors have been waiting for this signal


AtlantisFX | The cryptocurrency MIOTA (IOTA / USD) fell on Wednesday.

The digital currency last cost $ 0.43184, down 2.77 percent over the last 24 trading hours. Over the last 52 weeks, the cyber-devise has moved from $ 0.20734 to $ 1.25


The following article deals with the technical analysis. The technical analysis, also called chart analysis, tries to determine attractive buy or sell times from the price history of the underlying asset - in this case for the crypto currency MIOTA (IOTA / USD).


In this chart analysis, Investing.com editors rate both the 5-hour and daily MIOTA cryptocurrency using moving averages and technical indicators. These results ultimately provide an overall technical rating for the digital currency.


MIOTA (IOTA / USD) on the 5-hour chart

Moving averages: Moving averages smooth the course and make it easier to see the higher trend direction in the respective time window.


With regard to the crypto currency MIOTA (IOTA / USD), 1 moving averages are on buy and 11 on sell. This gives the digital currency the rating "strong selling".


Technical indicators: Technical indicators focus on the analysis of historical price data using mathematical formulas and not on fundamental conditions. Technical indicators are used by profes- sional traders to forecast short-term price movements in order to determine buy or sell times. Examples of common technical indicators are Relative Strength Index, Stochastic, MACD, ATR, ADX, CCI, ROC Bulls / Bear.


Of the 10 technical indicators analyzed, 3 indicate "buy", 0 "neutral" and 7 "sell". Accordingly, the editors of Investing.com determined a "strong selling" rating.



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