Monero XMR/USD closes the trading week near the area of 175. 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 200 is expected, from which it is expected to rebound and continue the development of a bearish trend with a target near level 100.
Monero (XMR/USD) forecast on March 19 — 23, 2018
An additional signal in favor of the fall of the cryptocurrency will be a resistance level test. 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 290, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations XMR/USD is with the breakdown of the support area and closing below the level of 140.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
