MIOTABTC had a bearish merry-go-ride; Unclouded by the key price resistance area, it has moved south-side for a new record lower low level.
Support levels: $0.057, $0.062, $0.064
Demand levels: $0.053, $0.045, $0.040
MIOTABTC Trends: Bearish
The coin had a smooth bearish ride, since testing the price level of $0.064, it has continued to fall below the price resistance level of $0.040, the price is now in a no man’s land area, and the price is trying to locate a new lower low price resistance area.
The 14 and 50 Exponential Moving Averages are in a down slope and widely gap for a strong bearish call; also the MACD Indicator Histogram bars and signal lines are on the downside for a bearish indication.
MIOTAUSD Market Analysis
MIOTAUSD is on a bearish market trend after the coin breaks a key resistance level it had a corrective drive, but the trend is trying to re-align with the bearish direction.
From the analytic 4-hour chart, the price is now below the 14 and 50 Exponential Moving Averages, for a bearish ride, while the MACD Indicator Histogram bar and signal lines are showing weak market momentum.
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