Monero XMR/USD is trading at 349. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend for Monero. The test area of Ichimoku Kinko Hyo signal lines near the level 335 is expected, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at level 430. An additional signal in favor of the growth of the crypto currency will be the test of the lower border of the uplink.
Monero forecast & analysis XMR/USD on December 20, 2017
Earlier, a medium strength signal was received for buy of the Monero cryptocurrency, by crossing the signal lines at the level of 240. The abolition 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 stands with a breakdown of the level of 395.
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