Monero XMR/USD is trading at 310. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat Monero trend. Ichimoku Kinko Hyo Cloud near the 320 level is expected to be tested near the level of 320, from which we expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at 250.
Monero forecast & analysis XMR/USD on January 30, 2018
Earlier, we received a weak signal for buy of the Monero cryptocurrency, by crossing the signal lines at level 295. 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 345, which indicates the change of the flat 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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