Monero XMR/USD is trading at the level of 22. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Monero. The test area of Ichimoku Kinko Hyo signal lines near the level 235 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 15, 2018
An additional signal in favor of the fall of the cryptocurrency will come from the lower bound of the «Triangle» model. Earlier, a strong signal was received for sell of Montero cryptocurrency, due to the crossing of signal lines at the level of 260.
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 to accelerate the fall in quotations XMR/USD is worth a breakdown of the support area and closing below the level of 210.
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