Monero XMR/USD is trading at the level of 294. 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 Ichimoku Kinko Hyo signal lines near level 275 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 25, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the lower border of the channel, as well as a test of the support level. 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 the 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 240, which indicates the change of the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations XMR/USD is with a breakdown of the resistance area and closing above the level of 310.
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