Monero XMR/USD is trading at the level of 260. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend for the Monero. Ichimoku Kinko Hyo Cloud near the level 275 is expected to be tested near the level of 275, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at level 210. An additional signal in favor of the drop is the resistance level test.
Monero forecast & analysis XMR/USD on February 25, 2018
Earlier, a weak signal was received for sell 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. Expect to accelerate the fall in quotations XMR/USD is with the breakdown of the support area and the closure below the level of 245.
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