Monero XMR/USD is traded at the level of 278. 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 level 255 is expected, from which we should expect a rebound and an attempt to continue the growth of the crypto currency with a target at level 320.
Monero forecast & analysis XMR/USD April 23, 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 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 225, 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 290.
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