Monero forecast & analysis XMR/USD on January 11, 2018


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Monero XMR/USD is trading at 384. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Monero. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 375 level, from which one should expect a rebound and an attempt to grow the cryptocurrency with a target at level 475. An additional signal in favor of the growth of the cryptocurrency will come from the lower channel test.

Monero forecast & analysis XMR/USD on January 11, 2018

Monero forecast & analysis XMR/USD on January 11, 2018

Earlier, a strong signal was received for buy of Monero, due to crossing of signal lines at level 375. Cancellation of the variant of growth of quotations Monero will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes below the area of ​​335, which indicates 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 of the resistance level and closing above 450.

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