IOTA IOT/USD is trading at 2.44. 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 the Ichimoku Kinko Hyo Cloud near the level of 2.45 is expected, from which we should expect a rebound and an attempt to continue growth with the target close to 1.90.
IOTA forecast & analysis IOT/USD on January 31, 2018
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. Expect the acceleration of the fall in quotations IOT/USD stands with the breakdown of the lower limit of the model «Triangle» and the closing below the level of 2.25.
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