IOTUSD: 2.20/2.25 trigger level to 2.78
This coin found some resistance against the february high around 2.20.
Dips toward the Bollinger Bands (1.65 currently) midline as well as horizontal support at 1.50 seems to spark buying interest. Could see some more short-term sideways trading between these extremes but this market could be setting itself up for a rise to the more critical Fibonacci retracement level at 2.78.
Expect a run toward there if market can convincingly create value over 2.25. 2.50 is weaker intermediate resistance.
Dips toward the Bollinger Bands (1.65 currently) midline as well as horizontal support at 1.50 seems to spark buying interest. Could see some more short-term sideways trading between these extremes but this market could be setting itself up for a rise to the more critical Fibonacci retracement level at 2.78.
Expect a run toward there if market can convincingly create value over 2.25. 2.50 is weaker intermediate resistance.
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