Monero XMR/USD is trading at 247. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend on the Monero. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 255, from which one should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at level 185. An additional signal in favor of the drop will be a resistance level test.
Monero forecast & analysis XMR/USD on February 10, 2018
Earlier, a weak signal was received for buy of the Montero cryptocurrency, due to the crossing of the signal lines at level 195. 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 area of 265, which indicates the change of the flat trend in favor of the bullish trend. Expect the acceleration of the fall in quotations XMR/USD stands with the breakdown of the lower boundary of the Cloud and the closing below the level of 165.
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