The MIOTAUSD coin has been respecting the price action setup for the current bearish direction it is on, thus waiting patiently, for this market to continue the bearish trend is very important.
Supply levels: $0.40, $0.47, and $0.57
Demand levels: $0.35, $0.26, and $0.23
MIOTAUSD Trends: Bearish
The currency is hovering the price resistance levels of $0.47 and $0.40, and a break of the price level of $0.40, will, in other words, accelerate the market fall to the price levels of $0.35, or $0.26, and if not $0.23.
From the daily analytic chart, we can deduce that the price is about the break through the lower level of the channel, which is also close to the 50 Exponential Moving Average, and the MACD Histogram and it’s signal line are also, showing a clear bearish market arrangement.
MIOTABTC Market Analysis
The pairs though in a bearish outlook is currently going flat, the market fall is now losing strength, as it heads to the next lower resistance level.
The 4-hours chart is signaling that the 50 Exponential Moving Average is too far away from the price, so market movement might slow down for it to come a bit closer to the market price, and the MACD Histogram bars are also losing strength from the bearish trends.
Please note: Dapplife.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results