IOTA IOT/USD is trading at 0.5043. 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 November 5, 2018, a test of the Ichimoku Kinko Hyo signal lines is expected to be near the 0.4950 level. Where can we expect a rebound and an attempt to continue the growth of cryptocurrency with a goal near the level of 0.5500.

IOTA forecast & analysis IOT/USD November 5, 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 boundary of the downward channel. Earlier, a weak signal was received for BUT the IOTA cryptocurrency, due to the intersection of signal lines at the level of 0.4700.

IOTA forecast & analysis IOT/USD November 5, 2018

Cancellation of the growth option of IOTA quotes will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below 0.4500, which will indicate a change in the upward trend in favor of the downward trend and continued decline. IOT/USD is expected to accelerate the growth of quotations with the breakdown of the upper boundary of the downward channel and closing above the level of 0.5200.

IOTA forecast & analysis IOT/USD November 5, 2018 suggests an attempt to develop a cryptocurrency correction and test level of 0.4950, from which one can expect continued growth of the IOTA rate with a potential target near the level of 0.5500. Cancellation of the growth option will be a fall and a breakdown of the 0.4500 area, in this case, we should expect a further decline.