Monero XMR/USD is trading at 310. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Monero. Ichimoku Kinko Hyo signal line area test near the level 300 is expected, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with the target at level 370.
Monero forecast & analysis XMR/USD on December 14, 2017
Earlier, a signal of medium strength was obtained for buy of the Monero cryptocurrency, by crossing the signal lines at 240 level. 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 235, which will indicate the change of the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations XMR/USD is with a breakdown level of 330.
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