Monero XMR/USD is trading at the level of 452. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend for Monero. The Ichimoku Kinko Hyo signal line area test is expected near the 450 level, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at 540.
Monero forecast & analysis XMR/USD on December 22, 2017
An additional signal in favor of the growth of the cryptocurrency will come from the upper channel test. Earlier, a medium strength signal was obtained for buy of the Monero cryptocurrency, by crossing the signal lines at 240. The abolition of the Monero quotation growth scenario will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the 360 area, 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 470.
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