Monero XMR/USD completes trading week near area 201. The cryptocurrency is traded below the lower bound of Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend for Monero. Ichimoku Kinko Hyo signal line area test is near the 245 level, from which it is expected to rebound and continue the development of growth to fall near the level of 145.
Monero (XMR/USD) weekly forecast February 5 — 9, 2018
Earlier, a weak signal was received for sell of Monero cryptocurrency, due to crossing of signal lines at 345 level. Cancellation of the option of falling quotations Monero will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes above the area of 325, which indicates the change of the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotes XMR/USD stands with the breakdown of the lower boundary of the descending channel and the closing below the level of 130.
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