Monero XMR/USD is traded at the level of 314. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Monero. Ichimoku Kinko Hyo Cloud is expected to test the lower boundary near level 290, from which it is expected to rebound and try to grow the cryptocurrency with a target at 350. An additional signal in favor of the growth of the cryptocurrency will be a test of the support level.
Monero forecast & analysis XMR/USD on December 23, 2017
Earlier, a weak signal was received for sell of Monero cryptocurrency, due to the crossing of signal lines at the level of 380. The abolition of the variant of Monero quotations growth will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 260, which will indicate a change in the flat trend in favor of the bearish trend. Expect to accelerate the growth of quotations XMR/USD stands with the breakdown of the upper boundary of the Cloud and the closure above the level of 360.
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