Monero XMR/USD is trading at 257. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Monero. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level 245, from which one should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at the level of 340.
Monero forecast & analysis XMR/USD April 27, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level. Earlier, a weak signal was received for sell of Monero cryptocurrency, due to the crossing of signal lines at level 270.
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 300.
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