Monero XMR/USD is trading at 286. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Monero. Ichimoku Kinko Hyo Cloud near the level 295 is expected to be tested near the level of 295, from which one should expect a rebound and an attempt to continue the fall of the crypto currency with a target at level 225.
Monero forecast & analysis XMR/USD on January 31, 2018
Previously, a strong force signal was obtained for sell of the Monero cryptocurrency, by crossing the signal lines at level 305. 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 bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes XMR/USD is with a breakdown of the support level and closing below 270.
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