Monero XMR/USD is trading at level 318. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Monero. Ichimoku Kinko Hyo signal line area test is expected near the level 340, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at level 240.
Monero forecast & analysis XMR/USD on January 20, 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 quotes above the area of 390, which indicates the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations XMR/USD is worth a breakdown level of 280.
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