Monero XMR/USD is trading at the level of 400. 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 Cloud is expected to test near the level 385, from which it is expected to rebound and try to continue the growth of the cryptocurrency with a target at level 470.
Monero forecast & analysis XMR/USD on January 14, 2018
Earlier, a signal of average strength was obtained for buy of the Monero cryptocurrency, by crossing the signal lines at level 375. 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 360, 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 a breakdown level of 420.