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. The test area of Ichimoku Kinko Hyo signal lines near level 320 is expected, from which one should expect a rebound and an attempt to continue falling of the cryptocurrency with a target at level 225. An additional signal in favor of the drop of the cryptocurrency will be a resistance level test.
Monero forecast & analysis XMR/USD on January 27, 2018
Earlier, a weak force signal was obtained for sell of the Monero crypto currency, due to the crossing of the signal lines at the level of 340. 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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