Monero XMR/USD is trading at 289. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Monero. The test area of Ichimoku Kinko Hyo signal lines near the level 305 is expected, from which we should expect a rebound and an attempt to drop the cryptocurrency with a target at the level of 235. In favor of the fall of the cryptocurrency is the formation of the reversal model «Head and Shoulders».
Monero forecast & analysis XMR/USD on December 31, 2017
Earlier, a signal of medium strength was obtained for the sale of the Monero cryptocurrency, due to the crossing of the signal lines at the level of 340. Cancellation of the option of falling quotations Monero will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes above the area of 360, 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 level of 270.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
