Monero XMR/USD is traded at 404. 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 is expected to test near the level 385, from which one should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at 465. Earlier, a signal of medium strength was obtained for buy of the Monero cryptocurrency, by crossing the signal lines at level 375.
Monero forecast & analysis XMR/USD on January 16, 2018
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.
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