Monero XMR/USD is trading at the level of 192. The cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend for Monero. The test area of Ichimoku Kinko Hyo signal lines near level 185 is expected, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at level 210.
Monero forecast & analysis XMR/USD April 14, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level. 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 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 170, which indicates the change of the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations XMR/USD stands with the breakdown of the resistance area and closing above the level of 195.
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