Monero XMR/USD is trading at 284. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Monero. The test area of the Ichimoku Kinko Hyo signal lines near level 265 is expected, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at level 340.
Monero forecast & analysis XMR/USD April 24, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the lower boundary of the channel. Earlier, a strong signal was received for buy of the Monero cryptocurrency, due to the crossing of the signal lines at level 195.
Cancellation of the variant of Monero quotations growth will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the level of 230, 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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