IOTA IOT/USD is trading at the level of 0.92. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in IOTA. Ichimoku Kinko Hyo Cloud near the level 1.00 is expected, from which it is expected to rebound and attempt to continue the fall with a target near 0.75.
IOTA forecast & analysis IOT/USD April 7, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the upper boundary of the channel, as well as a test of the resistance level. Earlier, a strong signal was received for sell of IOTA cryptocurrency, due to the crossing of signal lines at the level of 1.02.
Canceling the variant of IOTA quotations drop will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 1.10, which will indicate a change in the bearish trend in favor of the bullish trend. To expect the acceleration of the fall in quotations IOT/USD is worth a breakdown of the lower support area and closing below 0.90.