Monero XMR/USD is trading at the level of 179. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend on the Monero. The Ichimoku Kinko Hyo Cloud upper limit test is expected near level 185, from which one should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at level 155.
Monero forecast & analysis XMR/USD April 4, 2018
An additional signal in favor of the fall of the cryptocurrency will be a resistance level test. Earlier, a weak signal was received for buy of Monero cryptocurrency, due to the crossing of signal lines at level 165.
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 190, indicating a change in the flat trend in favor of a bullish trend. Expect the acceleration of the fall in quotations XMR/USD stands with the breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo and the closing below the level of 160.