Monero XMR/USD is trading at the level of 175. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend for Monero. The test area of the Ichimoku Kinko Hyo signal lines near level 185 is expected, from which we should expect a rebound and an attempt to continue the fall of the crypto currency with a target at level 120.
Monero forecast & analysis XMR/USD on March 19, 2018
An additional signal in favor of the fall of the cryptocurrency will come from the bearish trend line test. Earlier, a strong signal was received for sell of Monero 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 the area of 250, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes XMR/USD is with the breakdown of the support area and closing below the level of 165.
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