Monero XMR/USD is trading at the level of 164. 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 170 is expected, from which one 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 6, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance area. Earlier, a strong signal was received for sell of Monero cryptocurrency, due to the crossing of signal lines at the level of 170.
Cancellation of the variant of the Monero quotations drop will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations above the level of 185, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations XMR/USD is with the breakdown of the lower boundary of the channel and closing below the level of 150.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
