# Crypto Technicals: IOT/USD holds 200-SMA support, break below eyes 21-EMA (0.43)

By Anupama Grandhi

Canonical URL: https://www.tokenpost.com/news/investing/2079
Published: 2019-06-03T13:22:08.000Z
Updated: 2019-06-03T13:22:08.000Z
Section: Investing

> Support: 0.4308 (21-EMA); Resistance: 0.5235 (Upper BB)

[IOT/USD](<https://www.tradingview.com/symbols/IOTUSD/>) chart - Trading View

Exchange - Bitfinex

Support: 0.4308 (21-EMA); Resistance: 0.5235 (Upper BB)

Technical Analysis: Bias Bearish

IOT/USD edges higher from session lows at 0.4650, bias has turned bearish.

The pair has held support at 200H-SMA which is strong support at 0.4696.

Break below will see weakness, drag till 21-EMA at 0.4311 likely.

'Bearish Divergence' on RSI and stochs adds to the downside bias.

RSI and Stochs are now biased lower and 5-DMA has turned.

Major trend is still bullish, failure to break below 200H SMA will see resumption of upside.

For details on FxWirePro's Currency Strength Index, visit [http://www.fxwirepro.com/currencyindex](<http://www.fxwirepro.com/currencyindex>).

## Links in this article

- [IOT/USD](https://www.tradingview.com/symbols/IOTUSD/)
- [http://www.fxwirepro.com/currencyindex](http://www.fxwirepro.com/currencyindex)