Monero XMR/USD is trading at the level of 267. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Monero. The test area of the Ichimoku Kinko Hyo signal lines near level 275 is expected, from which one should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at level 205.
Monero forecast & analysis XMR/USD on March 13, 2018
An additional signal in favor of the fall of the cryptocurrency will be a resistance level test. Earlier, a weak signal was received for sell of Monero cryptocurrency, due to the crossing of signal lines at the level of 350.
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 315, which indicates a change in the downward trend in favor of the bullish trend. Expect the acceleration of the fall in quotes XMR/USD stands with the breakdown of the lower limit of the model «Triangle» and closing below the level of 230.
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