Monero XMR/USD is traded at the level of 204. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend on the Monero. Ichimoku Kinko Hyo Cloud is expected to test near the level 220, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at level 155.
Monero forecast & analysis XMR/USD on March 24, 2018
An additional signal in favor of the fall of the cryptocurrency will come from the resistance area. Earlier, a signal of medium strength signal was received for sell of the Monero cryptocurrency, due to the crossing of signal lines at level 210.
Cancellation of the option of falling quotes Monero will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes above the level of 245, which indicates a change in the flat trend in favor of a bullish trend. Expect the acceleration of the fall in quotes XMR/USD stands with the breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo and the closing below the level of 180.