Monero XMR/USD is trading at 367. The currency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend on the Monero. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the 355 level, from which it is expected to rebound and try to grow the cryptocurrency with a target at level 445. An additional signal in favor of the growth of the cryptocurrency will be a test of the support level.
Monero forecast & analysis XMR/USD on January 12, 2018
Earlier, a weak signal was received for sell of the Monero cryptocurrency, due to the crossing of the signal lines at the level of 380. 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 325, which will indicate 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 boundary of the indicator’s Cloud and closing above 410.