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 near the 260 level, from which it is expected to rebound and continue the growth of the cryptocurrency with the target at 320.
Monero forecast & analysis XMR/USD on December 7, 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 quotations Monero there will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below area 205, which will indicate a change 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 290.