Monero XMR/USD is trading at the level of 297. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Monero. Ichimoku Kinko Hyo signal line area test is expected near the level 325, from which we expect a rebound and an attempt to drop the cryptocurrency with the target at level 230.
Monero forecast & analysis XMR/USD on December 25, 2017
Earlier we received a weak signal for sell of Montero cryptocurrency, due to crossing of the signal lines at 380. Cancellation of the variant of the Monero there will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the 360 area, which indicates the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations XMR/USD is worth a breakdown of the support level and closing below 225.
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