IOTA IOT/USD is trading at 2.37. 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 the level of 2.40 is expected, from which we should expect a rebound and an attempt to continue growth with the target close to 1.50.
IOTA forecast & analysis IOT/USD on January 25, 2018
An additional signal in favor of the fall of the cryptocurrency will be the test of the upper boundary of the bearish channel. Earlier, a medium strength signal was received for sell of IOTA cryptocurrency, due to the crossing of signal lines at the level of 2.70.
The cancellation of the IOTA drop will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 3.05, which indicates a change in the bearish trend in favor of the bullish trend. To expect the acceleration of falling quotations IOT/USD is worth a breakdown of the level of 2.05.
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