Monero XMR/USD is trading at 321. Cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Monero. Ichimoku Kinko Hyo signal line area test is near the 340 level, from which we expect a rebound and an attempt to drop the cryptocurrency with a target at 240. Earlier, we received a weak signal for sales of the Monero cryptocurrency, by crossing the signal lines at 380.
Monero forecast & analysis XMR/USD on December 26, 2017
By canceling the variant of the Monero quotations drop 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 with a breakdown of the level of the lower boundary of the model «Triangle» and closing below 250.
