Ranked on CoinMarketCap as one of the cryptocurrency with the biggest market capitalization, MIOTA is sitting at #13 in the Top20. Let's start with the overview of the project.
MIOTA (IOTA) Overview
What is IOTA? A permissionless distributed ledger for a new economy
An Open-Source Distributed Ledger The first open-source distributed ledger that is being built to power the future of the Internet of Things with feeless microtransactions and data integrity for machines.
MIOTA Trade Analysis
Let's start today with the daily chart, this is the chart that we will use for this analysis:
Our 2017 support has been touched, marked with yellow square... And trading volume had a massive increase after this support was touched, signaling interest for this altcoin at this price.
MOITA starts to move.
MACD is now trending on the bullish side and RSI is coming out of oversold.
We are now trading above EMA10. With MIOTA consolidating for over 80 days, I believe it will move up next.