Monero XMR/USD s trading at the level of 176. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend for Monero. The Ichimoku Kinko Hyo Cloud upper limit test is expected near level 170, from which one should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at level 195.
Monero forecast & analysis XMR/USD April 13, 2018
An additional signal in favor of the growth of the cryptocurrency will be the upper bound of the «Triangle» model. Earlier, a medium strength signal was obtained for buy of the Monero cryptocurrency, by crossing the signal lines at level 165.
Cancellation of the variant of the growth of quotations Monero will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations below the level of 175, which will indicate a change in the bullish trend in favor of a bearish trend. Expect an acceleration in the growth of quotations XMR/USD stands with the breakdown of the resistance area and closing above the level of 185.
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