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
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.