Monero XMR/USD is trading at 227. The cryptocurrency is trading above the upper limit of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Monero. The Ichimoku Kinko Hyo Cloud upper limit test is expected near level 210, from which we expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at level 300. An additional signal in favor of growth will be breakdown of the resistance level.
Monero forecast & analysis XMR/USD on February 14, 2018
Earlier, a weak signal was received for sell of Monero cryptocurrency, due to the crossing of 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 is with the breakdown of the upper limit of the model «Triangle» and closing above the level of 250.
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