Monero XMR/USD is trading at the level of 373. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend for Monero. Ichimoku Kinko Hyo signal line area test is near the 355 level, from which it is expected to rebound and try to grow the cryptocurrency with the target at level 430.
Monero forecast & analysis XMR/USD on January 7, 2018
Earlier a strong signal was received for buy of Monero cryptocurrency, due to crossing of signal lines at level 345. 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 325, which will indicate the change of the bullish trend in favor of the bearish trend. Expect an acceleration in the growth of quotations XMR/USD stands with a breakdown of the resistance level and a close above 380.