Monero XMR/USD is trading at 383. 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 Cloud near the level 375 is expected to be tested near the level of 375, from which one should expect a rebound and an attempt to continue the growth of the crypto currency with a target at level 460.
Monero forecast & analysis XMR/USD on January 15, 2018
Earlier, a signal of medium 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 the breakdown of the upper limit of the model «Triangle» and the closing above the level of 430.