# Crypto Technicals: IOT/USD Technical Analysis Summary

By Anupama Grandhi

Canonical URL: https://www.tokenpost.com/news/investing/3499
Published: 2019-09-20T04:26:42.000Z
Updated: 2019-09-20T04:26:42.000Z
Section: Investing

> Major Support Levels: S1: 0.2796 (5-DMA) S2: 0.2708 (55-EMA) S3: 0.2605 (24-EMA)

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

Exchange - Bitfinex

Major Support Levels:

S1: 0.2796 (5-DMA)

S2: 0.2708 (55-EMA)

S3: 0.2605 (24-EMA)

Major Resistance Levels:

R1: 0.2972 (110-EMA)

R2: 0.3126 (100-DMA)

R3: 0.3284 (200-DMA)

Summary: Price has likely bottomed out and is on track for upside resumption. Volatility is rising and occurrence of 'dragonfly doji' on 19th day candle supports upside bias. Price action currently capped at 110-EMA resistance. Breakout at 200-DMA will confirm upside bias.

Guidance: Watch out for break above 200-DMA to go long in the pair. Target 1: 0.3478 (38.2% Fib)/ Target 2: 0.3850 (Apr 3rd high).

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## Links in this article

- [IOT/USD](https://www.tradingview.com/symbols/IOTUSD/)
- [TokenPost](https://www.tokenpost.com)