Monero XMR/USD is trading at the level of 242. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend for Monero. The test area of Ichimoku Kinko Hyo signal lines near level 260 is expected, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at level 190. An additional signal in favor of the drop will be a resistance level test.
Monero forecast & analysis XMR/USD on February 2, 2018
Earlier, a strong signal was received for sales of the Monero cryptocurrency, due to the crossing of signal lines at level 305. 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 area of 302, which indicates the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes XMR/USD is worth a breakdown level of 220.
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