IOTA IOT/USD is trading at 0.5551. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a downward trend. As part of the IOTA forecast & analysis IOT/USD October 4, 2018, a test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 0.5620, from where we can expect a rebound and an attempt to continue reducing cryptocurrency with a target near the level of 0.5000.
IOTA forecast & analysis IOT/USD October 4, 2018
An additional signal in favor of reducing the cryptocurrency of IOTA will be the test of the resistance area, as well as a rebound from the upper border of the «Triangle» model. Previously, a strong signal was received for IOTA cryptocurrency sales, due to the crossing of signal lines at the level of 0.5600.
Canceling the option of falling IOTA quotes will break the upper boundary of the Ichimoku Kinko Hyo Cloud with quotes closing above 0.5900, indicating a change in the downward trend in favor of an upward trend and continued growth. IOT/USD is expected to accelerate the fall in quotations with the breakdown of the lower boundary of the «Triangle» model and closing below 0.5400.
IOTA forecast & analysis IOT/USD October 4, 2018 involves an attempt to develop a cryptocurrency correction and test level 0.5620, from which we can expect the IOTA exchange rate to continue to fall with a potential target near the level of 0.5000, growth will be canceled and the 0.5900 area will break down, in this case we should expect continued growth.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
