IOTA IOT/USD is trading at the level of 2.48. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in IOTA. The test of the lower boundary of Ichimoku Kinko Hyo Cloud near the level of 2.50 is expected, from which we should expect a rebound and an attempt to continue growth with the target close to 2.00.
IOTA forecast & analysis IOT/USD on January 29, 2018
An additional signal in favor of the fall of the cryptocurrency will be a resistance level test. Earlier, we received a weak signal for buy of IOTA cryptocurrency, due to the crossing of signal lines at the level of 2.40.
The cancellation of the IOTA quotation drop will be the breakdown of the upper Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 2.65, 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 2.25.
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