Monero XMR/USD is trading at the level of 290. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Monero. Ichimoku Kinko Hyo Cloud is expected to test near the level 315, from which it is expected to rebound and attempt to continue the fall of the cryptocurrency with a target at 235.
Monero forecast & analysis XMR/USD on January 24, 2018
Earlier, a weak force signal was obtained for sell of Monero cryptocurrency, due to the crossing of signal lines at level 340. 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 360, 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 of the level of 270.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
