Monero

XMR/USD reached a very important support

130
Monero still follows its morning scenario as the currency pair reached a very important support within 220 area. The support was established in April 2018 after the price skyrocketed from 200 to almost 230.

XMR/USD was inside the Ichimoku cloud today, but left the formation and accelerated its decline. The price broke out the previous support (228 area) and went downwards even further. There is a sort of a correction currently. The evident scenario is that Monero will try to return towards 228 area in order to test it. However, you need also to be prepared for further bears’ attacks. The price may fall below 200 in this case within several days.

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