Monero (XMR/USD) weekly forecast February 12 — 16, 2018


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Monero XMR/USD completes trading week near area 231. The cryptocurrency is traded below the lower boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend for Monero. The test area of ​​Ichimoku Kinko Hyo signal lines near level 285 is expected, from which it is expected to rebound and continue the development of growth with a target to falling near the level of 145. An additional signal in favor of the drop of the cryptocurrency will be a resistance level test.

Monero (XMR/USD) weekly forecast February 12 — 16, 2018

Monero (XMR/USD) weekly forecast February 12 — 16, 2018

Earlier, a weak signal was received for sell of Monero cryptocurrency, due to the crossing of signal lines at level 345. 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 ​​355, 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 lower boundary of the bearish channel and the closing below the level of 195.

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