Monero XMR/USD is trading at 364. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Monero. Ichimoku Kinko Hyo Cloud near the level 335 is expected to be tested near the level 335, from which we should expect a rebound and an attempt to grow the cryptocurrency with a target at 405.
Monero forecast & analysis XMR/USD on January 4, 2018
Earlier we received a weak signal for buy of Monero cryptocurrency due to the crossing of signal lines at 325 level. Cancellation of the variant of growth of quotations Monero will become a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below area 305, which will indicate 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 380.
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