Monero XMR/USD is trading at the level of 305. 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 near level 285 is expected, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with the target at level 365. 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 20, 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 the area of 255, which indicates 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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