Monero XMR/USD is traded at level 216. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend for Monero. Ichimoku Kinko Hyo signal line area test is near the level 190, from which it is expected to rebound and continue the growth of the cryptocurrency with the target at level 245.
Monero forecast & analysis XMR/USD on December 6, 2017
Previously, a strong signal was received for buy of Montero cryptocurrency, by crossing the signal lines at level 178. By canceling the variant of growth of quotations Monero there will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 175, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations XMR/USD stands with a breakdown level of 225.
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