Monero XMR/USD is traded at the level of 248. 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 of 230, from which it is expected to rebound and continue the growth of the cryptocurrency with a target at 300.
Monero forecast & analysis XMR/USD on December 8, 2017
An additional signal in favor of the growth of the cryptocurrency will be the test of the lower border of the channel. Earlier, a strong signal was received for buy of the Monero cryptocurrency, by crossing the signal lines at the level of 178. The abolition of the variant of the growth of the Monero quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations 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.