Monero XMR/USD is traded at level 311. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates that there is a bullish trend in Monero. The test area of the Ichimoku Kinko Hyo signal lines near the 280 level is expected, from which one should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at level 375. An additional signal in favor of growth will be a uptrend line test.
Monero forecast & analysis XMR/USD on February 18, 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 220, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations XMR/USD stands with the breakdown of the resistance area and closing above the level of 340.
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