IOTA IOT/USD is trading at 1.71. 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 1.73 is expected, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with the target close to 1.35.
IOTA forecast & analysis IOT/USD May 19, 2018
An additional signal in favor of the drop of the IOTA cryptocurrency will be a test of the resistance area, as well as a test of the upper boundary of the bearish channel. Earlier, a strong signal was received for sell of IOTA cryptocurrency, due to the crossing of signal lines at 1.90 level.
The cancellation of the IOTA drop will be a breakdown of the upper Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 2.10, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations IOT/USD is with the breakdown of the support area and closing below the level of 1.60.
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