Monero XMR/USD is traded at the level of 265. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates that there is a bullish trend in Monero. Ichimoku Kinko Hyo signal line area test is expected near the 255 level, from which it is expected to rebound and try to continue the growth of the cryptocurrency with a target at 325. An additional signal in favor of growth will be a test of the support level.
Monero forecast & analysis XMR/USD on February 16, 2018
Earlier, a strong signal was received for buy of Monero cryptocurrency, due to the crossing of signal lines at level 225. 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 area 195, which will indicate the change of the bullish trend in favor of the bearish trend. Expect the acceleration of the growth of quotations XMR/USD stands with the breakdown of the resistance area and the closing above the level of 285.
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