IOTA IOT/USD is trading at the level of 3.78. 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.
IOTA forecast & analysis IOT/USD on January 5, 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 growth of IOTA quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 3.20, which will indicate a change in the upward trend in favor of the downward trend. Expect the acceleration of the growth of quotations IOT/USD is with the breakdown of the upper limit of the model «Triangle» and closing above 4.40.