Monero XMR/USD is trading at level 157. The cryptocurrency is trading 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 165 is expected, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at level 135.
Monero forecast & analysis XMR/USD April 11, 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 Monero cryptocurrency, due to the crossing of the signal lines at the level of 170.
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 level of 175, which indicates a change in the downward 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.
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