Monero XMR/USD is trading at the level of 300. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates that there is a bullish trend in Monero. A test of the Ichimoku Kinko Hyo signal line area near the 310 level is expected, from which one should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at level 225.
Monero forecast & analysis XMR/USD on January 26, 2018
Previously, a weak strength signal was obtained for sell of the Monero cryptocurrency, by crossing the signal lines at 340 level.
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 355, 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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