IOTA (mIOTA)

IOTA Price Prediction: Long-term (MIOTA) Value Forecast – June 22

Azeez Mustapha
June 22, 2019

The long-term outlook is in a range-bound market.
Patience should be exercised at this period.

IOTA/USD Long-term Trend -Ranging

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

IOTA long-term outlook is in a range-bound market. The bulls failed to push beyond the 38.2 fibs with intermittent loss in the momentum with the coin going into consolidation. Each bullish move was shortlived with bears takeover and vice-versa.

$0.4754 was the high attained so far today and obviously since the week began while $0.3973 is the low attained on 20th June with the 50-EMA proving strong support for the bulls.

The stochastic oscillator signal at 47% is a clear undefined reflection of the ranging scenario in the long-term.

$0.5000 is the upper supply area of the range while $0.3500 is the lower demand area of the range. Traders should be patient and wait for price breakout or breakdown with a retest before taking a position.

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.