Monero XMR/USD is trading at the level of 337. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Monero. Ichimoku Kinko Hyo Cloud near the level 340 is expected to be tested near the level of 340, whence we should expect a rebound and an attempt to drop the cryptocurrency with a target at the level of 240.
Monero forecast & analysis XMR/USD on December 27, 2017
Earlier we received a weak signal for buy of the Monero cryptocurrency, by crossing the signal lines at 320 level. 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 of quotations XMR/USD is with a breakdown of the level of the lower boundary of the model «Triangle» and closing below 270.
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