IOTA IOT/USD is trading at 4.22. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in IOTA. The test area of Ichimoku Kinko Hyo signal lines near the level of 3.80 is expected, from which we should expect a rebound and an attempt to continue growth with the target close to 5.50.
IOTA forecast & analysis IOT/USD on December 28, 2017
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 IOTA quotation growth scenario will be the breakdown of the lower Ichimoku Kinko Hyo Cloud with the closing of quotes below the 2.90 area, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of the growth of quotations IOT/USD is with a breakdown of the resistance level and closing above 5.60.
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