Monero XMR/USD is traded at level 293. The 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 280 level, from which we expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at level 345. An additional signal in favor of growth will be the test of the lower border of the channel, as well as a test of the support level.
Monero forecast & analysis XMR/USD on February 19, 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 become a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below area 235, 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 resistance area and the closing above the level of 320.
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