Monero forecast & analysis XMR/USD on March 14, 2018


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Monero XMR/USD is trading at the level of 242. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend for Monero. The test area of ​​Ichimoku Kinko Hyo signal lines near level 265 is expected, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at level 180.

Monero forecast & analysis XMR/USD on March 14, 2018

An additional signal in favor of the fall of the cryptocurrency will come from the upper bound of the «Triangle» model. Earlier, a strong signal was received for sell of Monero cryptocurrency, due to the crossing of signal lines at the level of 260.

Monero forecast & analysis XMR/USD on March 14, 2018

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 quotations above area 310, which indicates a change in the bearish 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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