Monero XMR/USD is trading at 197 level. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Monero. Ichimoku Kinko Hyo Cloud is expected to test near the level of 205, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at level 150.
Monero forecast & analysis XMR/USD on March 26, 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 235, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations XMR/USD stands with the breakdown of the support area and closing below the level of 180.