Monero XMR/USD is trading at 345. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Monero. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level 335, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at 425. An additional signal in favor of the growth of the cryptocurrency is the formation of the «Head and Shoulders» reversal model.
Monero forecast & analysis XMR/USD on January 22, 2018
Earlier, a weak force signal was obtained for buy of the Monero cryptocurrency, by crossing the signal lines at level 325. 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 295, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations XMR/USD is with a breakdown level of 400.
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