IOTA IOT/USD is trading at the level of 1.93. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in IOTA. The test area of Ichimoku Kinko Hyo signal lines near level 2.10 is expected, from which we should expect a rebound and an attempt to continue growth with the target close to 1.50. Earlier, a strong signal was received for sell of IOTA cryptocurrency, due to the crossing of signal lines at the level of 2.20.
IOTA forecast & analysis IOT/USD on February 2, 2018
The cancellation of the drop in IOTA quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 2.60, which indicates a change in the bearish trend in favor of the bullish trend. To expect the acceleration of the drop in quotations IOT/USD is worth a breakdown of the lower support level and closing below the level of 1.80.
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