Monero XMR/USD is traded at the level of 203. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates that there is a bullish trend in Monero. Ichimoku Kinko Hyo signal line area test is near the 195 level, from which we expect a rebound and the continued growth of the cryptocurrency with a target at the level of 235.
Monero forecast & analysis XMR/USD on December 4, 2017
Earlier, a strong signal was received for buy of the Monero cryptocurrency, by crossing the signal lines at level 178. Canceling the variant of the growth of the quotes Monero there will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 170, 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 level 210.
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