Monero XMR/USD is trading at 199 level. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Monero. The Ichimoku Kinko Hyo Cloud upper boundary test is expected near level 190, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at level 220.
Monero forecast & analysis XMR/USD April 18, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level. Earlier, a weak signal was received for sell of Monero, due to the crossing of signal lines at the level of 196.
Cancellation of the variant of growth of quotations Monero will become a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations below the level of 180, 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 the breakdown of the upper limit of the model «Triangle» and the closing above the level of 205.
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