IOTA IOT/USD is trading at 0.5956. Cryptocurrency is trading above the upper limit of the Ichimoku Kinko Hyo Cloud, which indicates an uptrend. As part of the IOTA forecast & analysis IOT/USD October 9, 2018, a test of the Ichimoku Kinko Hyo signal lines is expected near the level of 0.5800, from which we can expect a rebound and an attempt to continue the growth of cryptocurrency with a target near 0.6600.
IOTA forecast & analysis IOT/USD October 9, 2018
An additional signal in favor of the growth of cryptocurrency IOTA will be a test of the support area, as well as a rebound from the upper limit of the «Triangle» model. Earlier, a weak signal was received for buy of IOTA cryptocurrency, due to the crossing of signal lines at the level of 0.5600.
Cancellation of the growth option of IOTA quotes will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with quotes closing below 0.5500, which will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall. IOT/USD is expected to accelerate the growth of quotes with the breakdown of the resistance area and closing above the level of 0.6200.
IOTA forecast & analysis IOT/USD October 9, 2018 involves an attempt to develop a cryptocurrency correction and a test level of 0.5800, from which one can expect continued growth of the IOTA rate with a potential target near the level of 0.6600, the fall in the growth option and a breakdown of 0.5500 will appear, in this case we should expect continued decline.
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