Monero XMR/USD is trading at 333. Cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Monero. Ichimoku Kinko Hyo Cloud near the level 345 is expected to be tested near the level 345, from which we should expect a rebound and an attempt to drop the cryptocurrency with a target at the level of 245.
Monero forecast & analysis XMR/USD on December 30, 2017
In favor of the fall of the cryptocurrency is the formation of the «Head and Shoulders» reversal model. Earlier, a signal of medium strength was obtained for the sell of the Monero cryptocurrency, due to the crossing of the signal lines at the level of 340. Cancellation of the option of falling quotes Monero will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes above the area of 390, 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 level of 305.
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