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. The Ichimoku Kinko Hyo Cloud upper limit test is expected near level 285, from which we should 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 is the lower bound of the «Triangle» model.
Monero forecast & analysis XMR/USD on February 22, 2018
Earlier, a strong signal was received for buy of the Monero cryptocurrency, due to the crossing of signal lines at level 290. 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 stands with the breakdown of the upper limit of the model «Triangle» and the closing above the level of 325.
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