Monero forecast & analysis XMR/USD on March 24, 2018


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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.

Monero forecast & analysis XMR/USD on March 24, 2018

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.


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