Monero XMR/USD closes the trading week near the area of 203. The cryptocurrency is trading below the lower Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Monero. The test area of Ichimoku Kinko Hyo signal lines near level 250 is expected, from which it is expected to rebound and continue the development of a bearish trend with a target near the level of 175.
Monero (XMR/USD) forecast on March 26 — 30, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance level, as well as a test of the upper boundary of the bearish channel. Earlier, a weak signal was received for sell of Monero cryptocurrency, due to the crossing of signal lines at level 295.
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 area of 300, 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 lower limit of the model «Triangle» and the closure below the level of 140.