Monero XMR/USD is trading at the level of 250. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates that there is a bullish trend in Monero. The test area of the Ichimoku Kinko Hyo signal lines near the level of 230 is expected, from which one should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at level 280.
Monero forecast & analysis XMR/USD April 21, 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 strong signal was received for buy of the Monero, due to the crossing of the signal lines at level 195.
Cancellation of the growth option for Monero quotations will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the level of 200, which will indicate a change in the bullish trend in favor of a bearish trend. Expect the acceleration of the growth of quotations XMR/USD stands with the breakdown of the resistance area and the closing above the level of 260.
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