Monero XMR/USD is trading at level 307. 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 level 320 is expected, from which we should expect a rebound and an attempt to drop the cryptocurrency with a target at the level of 245. In favor of the fall of the cryptocurrency, a test of the upper boundary of the bearish channel will perform.
Monero forecast & analysis XMR/USD on January 1, 2018
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 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.
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