Monero XMR/USD is trading at 276. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Monero. Ichimoku Kinko Hyo Cloud near the level 285 is expected to be tested near the level of 285, from which one should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at level 215. An additional signal in favor of the drop will be a resistance level test.
Monero forecast & analysis XMR/USD on February 27, 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 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 305, which indicates the change of the bearish trend in favor of the bullish trend. 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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