Monero (XMR/USD) forecast April 9 — 13, 2018


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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.

Monero (XMR/USD) forecast April 9 — 13, 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 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.

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