Monero XMR/USD is trading at 240. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Monero. Ichimoku Kinko Hyo signal line area test is near the 265 level, from which we expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at level 160.
Monero forecast & analysis XMR/USD on January 18, 2018
Earlier, we received a signal of medium strength for sell of the Monero cryptocurrency, by crossing the signal lines at level 375. 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 quotations above the area of 340, which indicates the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes XMR/USD is with a breakdown of level 210.
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