IOATA - Indicators Point Down

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IOTUSD has established a new resistance at 0.61 level which coincides with the upper bollinger band and an overbought stochastic. These indicators points a downward movement all together. A breakdown below 0.59 support will confirm the fall which may target 0.5580 primarily. As an alternative scenario, a break above the strong 0.61 resistance can carry the price to 0.65 level, the next resistance,