Monero XMR/USD is trading at 183. 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 test area of the Ichimoku Kinko Hyo signal lines near the 175 level is expected, from which one 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 15, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level, as well as a test of the lower border of the channel. 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 become a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the level of 165, which will indicate a change in 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.