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MIOTA IOTA Reached Another Long-Term Resistance With Bullish Divergence

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Published: 30 Dec 2021 › Updated: 30 Dec 2021MIOTA IOTA Reached Another Long-Term Resistance With Bullish Divergence

MIOTA IOTA Reached Another Long-Term Resistance With Bullish Divergence

Hi dear friends, hope you are well, and welcome to the new update on IOTA coin.

Long term resistance:
On a weekly time frame, IOTA is trying to break out a low-term down trendline resistance. The priceline has already bounced by the key support of $1 and broke out EMA 21 as well. Now EMA 21 weekly can work as strong support and price action can breakout the resistance for the big move.

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Bullish divergence:
On a weekly time frame a big bullish divergence has also appeared, as the price action of IOTA is forming a lower high but on the other hand, RSI is forming a higher high.

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Hi, My name is Atif Akbar, for more trading signals you can join my patreon: https://www.patreon.com/moon333

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