Monero XMR/USD is trading at 336. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Monero. Ichimoku Kinko Hyo signal line area test near level 320 is expected, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at 400.
Monero forecast & analysis XMR/USD on December 18, 2017
An additional signal in favor of the growth of the cryptocurrency will be a support level test. Earlier, a medium strength signal was received for buy of the Monero crypto currency, by crossing the signal lines at the level of 240. The abolition of the Monero quotation growth scenario will be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotations below area 260, which indicates a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations XMR/USD is standing at the breakdown level of 370.
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