IOTAUSD Price Analysis – July 5
IOTAUSD is on a price baseline which is holding the pair around the level at $0.371394 with an extreme squeeze which is an indication of a massive move up or down soon.
Supply Level: $0.22994512, $0.33403757, $0.37139441
Demand Level: $0.57676740, $0.49565369, $0.45113820
IOTAUSD Long term Trend: Bullish
After the crossing of the moving average below the demand zone around the level at $0.451138, the most prevailing activity has been on the baseline to lift the price back to the upper zone.
The upside target is around the level at $0.451138 and $0.505083 in extension as the structure is that of a weak bearish signal which may turn bullish in the near term.
IOTAUSD Short term Trend: Ranging
The pair has completed earlier its bullish setup and the price action has found support on the supply zone towards the level at $0.371394 otherwise a breakout will attract selling.
On the relative strength index of the short time frame, it shows a direction pointing towards the demand zone on the level at $0.451138 for a retest of the same level in the near term.
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