Monero XMR/USD is trading at 258. 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 250 level, from which it is expected to rebound and try to continue the growth of the cryptocurrency with a target at the level of 340.
Monero forecast & analysis XMR/USD April 28, 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 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 230, which indicates the change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations XMR/USD stands with a breakdown of the upper limit of the model «Triangle» and closing above the level of 300.
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