Monero XMR/USD is trading at 251. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Monero. Ichimoku Kinko Hyo Cloud is expected to test near the level 245, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at 320.
Monero forecast & analysis XMR/USD April 26, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level. 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 Cloud of Ichimoku Kinko Hyo with the closing of quotations below the level of 230, which will indicate a change in 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.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
