Monero forecast & analysis XMR/USD on March 26, 2018


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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.

Monero forecast & analysis XMR/USD on March 26, 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 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.

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