IOTA is trading at 0.3530. IOT/USD quotes are trading above the upper limit of the Ichimoku Kinko Hyo Cloud. This indicates an uptrend. As part of the IOTA cryptocurrency exchange rate forecast for April 7, 2019. A test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 0.3510. Where should we expect a rebound and an attempt to continue the growth of cryptocurrency with a goal near the level of 0.4005.
IOTA Forecast and Analysis IOT/USD April 7, 2019
An additional signal in favor of raising IOTA cryptocurrency will be the test area of support. The second signal will be a rebound from the lower boundary of the rising channel. Earlier, a strong signal was received for BUY the IOTA cryptocurrency. Which was formed by the intersection of signal lines at the level of 0.3415.
Cancellation of the growth option of IOTA quotes will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 0.3305. This 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 quotations with the breakdown of the resistance area and closing above the level of 0.3745.
IOTA Forecast and Analysis IOT/USD April 7, 2019 implies an attempt to develop a cryptocurrency correction and test level of 0.3510. Where can we expect to continue the growth rate of IOTA with a potential target near the level of 0.4005. Cancellation option lift will fall and the breakdown of the area of 0.3305. In this case, we can expect a continuation of the reduction of quotations.