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.
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.