Monero XMR/USD is trading at 279. Cryptocurrency is traded above the upper boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Monero. Ichimoku Kinko Hyo signal line area test is expected near the level of 260, 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 on December 13, 2017
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level. Earlier, a medium strength signal was obtained for buy of the Monero cryptocurrency, by crossing the signal lines at 240. The abolition of the Monero quotation option would be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below area 225, which would indicate a shift in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations XMR/USD is with a breakdown level of 300.
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