Monero XMR/USD is trading at 333. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend on the Monero. Ichimoku Kinko Hyo Cloud near the level 340 is expected to be tested near the level of 340, from which one should expect a rebound and an attempt to continue falling of the cryptocurrency with a target at the level of 290. An additional signal in favor of the fall of the cryptocurrency will come from the bearish trend line test.
Monero forecast & analysis XMR/USD on January 29, 2018
Earlier, a weak force signal was obtained for sell of the Monero cryptocurrency, due to the crossing of signal lines at level 310. 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 flat trend in favor of the bullish trend. Expect the acceleration of the fall in quotations XMR/USD stands with the breakdown of the lower boundary of the indicator Cloud and the closing below the level of 305.
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