Monero XMR/USD is trading at the level of 303. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Monero. Ichimoku Kinko Hyo signal line area test is near the level 315, from which we expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at 235.
Monero forecast & analysis XMR/USD on January 25, 2018
Earlier we received a weak force signal for sell of the Monero cryptocurrency, by crossing the signal lines at 340 level. 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.
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