Monero forecast & analysis XMR/USD April 8, 2018


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Monero XMR/USD is trading at the level of 161. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of 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 8, 2018

An additional signal in favor of the fall of the cryptocurrency will be a test of the lower boundary of the channel. Earlier, a strong signal was received for sell of Monero cryptocurrency, due to the crossing of signal lines at the level of 170.

Monero forecast & analysis XMR/USD April 8, 2018

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 worth a breakdown of the support area and closing below the level of 150.

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