Monero XMR/USD completes the trading week near area 322. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Monero. Ichimoku Kinko Hyo Cloud near the 290 level is expected to be tested near the level of 290, from which it is expected to rebound and continue to grow with the target of growth near the level of 400. Earlier, we received a weak signal for sell of the Monero cryptocurrency, by crossing the signal lines at 345 level.
Monero (XMR/USD) forecast January 29 — February 2, 2018
Cancellation of the variant of growth of quotations Monero will become a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below area 280, which will indicate a change in the flat trend in favor of a bearish trend. Expect the acceleration of the growth of quotations XMR/USD is with a breakdown of the upper boundary of the bearish channel and closing above the level of 450.
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