IOTA (mIOTA)

IOTA Price Prediction: Long-term (MIOTA) Value Forecast – June 15

Azeez Mustapha
June 15, 2019

The long-term outlook is in the uptrend.
Traders may consider buying at minor bearish pullback areas.

IOT/USD Long-term Trend -Bullish

Supply zone: $0.6000, $0.7000, $0.8000
Demand zone: $0.1000 $0.0800, $0.0600

IOTA long-term outlook is in a bullish trend. The bears lost momentum at $0.3913 in the demand area on 9th June as wicks were formed at the area. This was near the 50-EMA and the 61.8 fib area. The bulls gradual takeover was signaled by the bullish tweezer bottom formed on 10th June.

MIOTAUSD rose to $0.4651 as the high of the week at the 38.2 fibs area a trend continuation zone.

Price is above the two EMAs and the stochastic oscillator signal points up at 34%. These suggest an upward momentum in price of the cryptocurrency in the new week.

The break into the 23.6 fibs is probable and price may shoot up to $0.5000 in the supply area. With increased bullish momentum and more candle open and closed above the two EMAs, a retest at $0.5473 of the high on 30th May could occur.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Azeez Mustapha

Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.