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 is near the level of 295, from which one should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at the level of 370.
Monero forecast & analysis XMR/USD on December 17, 2017
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level. Earlier, a medium strength signal was received for buy of the Monero cryptocurrency, by crossing the signal lines at the level of 240. The cancellation of the Monero quotation growth scenario will be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotations below area 260, which indicates a change in 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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