Monero XMR/USD completes trading week near area 171. The cryptocurrency is traded below the lower Cloud of Ichimoku Kinko Hyo, which indicates the presence of a bearish trend for Monero. The test area of Ichimoku Kinko Hyo signal lines near level 220 is expected, from which it is expected to rebound and continue the development of a bearish trend with a target near level 90.
Monero (XMR/USD) forecast April 9 — 13, 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 quotations above the area of 260, which indicates the change of 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.