Monero XMR/USD is traded at the level of 248. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend for Monero. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 225 level, from which one should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at the level of 300. An additional signal in favor of growth will be breakdown of the resistance level.
Monero forecast & analysis XMR/USD on February 11, 2018
Earlier, a weak signal was received for buy of the Montero cryptocurrency, due to the crossing of the signal lines at level 195. Cancellation of the variant of growth of quotations Monero will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations below the area of 180, which will indicate the change of the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations XMR/USD stands with the breakdown of the upper boundary of the bearish channel and closing above the level of 310.
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