Monero XMR/USD is traded at the level of 268. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend on the Monero. Ichimoku Kinko Hyo Cloud near the level 285 is expected to be tested near the level of 285, whence we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at the level of 220. An additional signal in favor of the fall will be the test of the lower bound of the «Triangle» model.
Monero forecast & analysis XMR/USD on February 23, 2018
Earlier, a weak signal was received for sales of Monero cryptocurrency, due to the crossing of signal lines at level 295. 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 305, which indicates the change of the flat trend in favor of bullish trend. Expect the acceleration of the fall in quotations XMR/USD stands with the breakdown of the lower boundary of the indicator Cloud and the closing below the level of 245.
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