Monero XMR/USD is trading at the level of 172. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Monero. The test of the lower boundary of Ichimoku Kinko Hyo Cloud near the level of 180 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 3, 2018
An additional signal in favor of the fall of the cryptocurrency will be a resistance level test. Earlier, a signal of medium strength signal was received for sell of the Monero cryptocurrency, due to the crossing of signal lines at level 210.
Cancellation of the variant 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 190, 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 support area and closing below the level of 150.