IOTA IOT/USD is trading at 2.86. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in IOTA. Ichimoku Kinko Hyo Cloud is expected to test near the level 3.10, from which it is expected to rebound and attempt to continue growth with the aim of near 1.60. An additional signal in favor of the fall of the crypto currency will be a resistance level test.
IOTA forecast & analysis IOT/USD on January 22, 2018
Earlier, a medium strength signal was received for sell of IOTA cryptocurrency, due to the crossing of signal lines at 3.60 level. Canceling the variant of IOTA quotations drop will be the breakdown of the upper boundary of Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 3.70, which will indicate the change of the bearish trend in favor of the bullish trend. To expect the acceleration of falling quotations IOT/USD is worth a breakdown of 2.50 level.
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