THELOGICALINDIAN - A slight accretion still leaves it in bearish territory
IOST / USD Short-term amount analysis
IOST has a bearish concise trading bias, with the IOST / USD brace still trading beneath above abstruse abutment on the four-hour time frame.
The four-hour time anatomy is assuming that a abstruse blemish in the IOST / USD brace is nearing, as amount charcoal trapped amid accumbent attrition and ascent trendline support.
Technical indicators on the four-hour time anatomy are bearish and abide to affair a advertise signal.
Pattern Watch
Traders should agenda that a bullish double-bottom arrangement is additionally in comedy beyond the circadian time frame.
Relative Strength Index
The RSI indicator on the four-hour time anatomy is bullish, although a bearish double-top arrangement may be forming.
MACD Indicator
The MACD indicator on the four-hour time anatomy is bullish, with both the MACD arresting and histogram arising buy signals.
IOST / USD Medium-term amount analysis
IOST has a bearish medium-term outlook, with the IOST / USD brace clumsy to move aloft its trend defining 200-day affective average.
The circadian time anatomy is assuming that a bearish block breach is still underway, with beasts again declining to move amount aback central the aloof pattern.
Technical indicators on the circadian time anatomy are aloof and are currently declining to accomplish a bright trading signal.
Pattern Watch
Traders should agenda that the bearish block arrangement blemish on the circadian time anatomy still has cogent downside potential.
Relative Strength Index
The RSI indicator on the circadian time anatomy is abutting aloof and currently has a slight bearish bias.
MACD Indicator
The MACD indicator on the circadian time anatomy is aloof and is currently declining to affair a bright signal.
Conclusion
The all-embracing abbreviate and medium-term bearish angle for IOST charcoal unchanged, admitting the contempo upside accretion in the cryptocurrency.
The circadian time anatomy acutely shows that unless buyers move amount aback central the block pattern, the IOST / USD brace could still see cogent downside ahead.
Check out the IOST coin guide.
