Monero XMR/USD is trading at the level of 166. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Monero. The test of the lower boundary of Ichimoku Kinko Hyo Cloud near the level of 170 is expected, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at level 140.
Monero forecast & analysis XMR/USD April 10, 2018
An additional signal in favor of the fall of the cryptocurrency will come from the upper bound of the «Triangle» model. Earlier, a weak signal was received for buy of the Montero cryptocurrency, due to the crossing of the signal lines at the level of 170.
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 level of 180, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations XMR/USD is the breakdown of the lower limit of the model «Triangle» and closing below the level of 150.