IOTA IOT/USD is trading at 3.85. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in IOTA. Ichimoku Kinko Hyo Cloud near the level 3.65 is expected to be tested, from which it is expected to rebound and try to continue the growth with the target near 5.00. An additional signal in favor of the growth of the cryptocurrency will be a test of the lower boundary of the channel.
IOTA forecast & analysis IOT/USD on January 6, 2018
Earlier, we received a weak signal for buy of IOTA cryptocurrency, due to the crossing of signal lines at the level of 3.30. The cancellation of the variant of IOTA quotations growth will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 3.40, which will indicate a change in the bullish trend in favor of the bearish trend. Expect an acceleration in the growth of quotations IOT/USD stands with a breakdown of 4.50 level.