Monero XMR/USD is traded at the level of 260. 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 the Ichimoku Kinko Hyo signal lines near the 255 level is expected, from which it is expected to rebound and continue the growth of the cryptocurrency with the target at 325.
Monero forecast & analysis XMR/USD on December 10, 2017
An additional signal in favor of the growth of the cryptocurrency will be the test of the lower boundary of the bullish channel. Earlier, a weak signal was received for sell of the Monero cryptocurrency, due to the crossing of the signal lines at the level of 245. The abolition of the variant of the growth of the Monero quotations will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below area 215, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations XMR/USD stands with a breakdown of the level of 270.
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