Monero XMR/USD is trading at the level of 356. Cryptocurrency is traded above the upper boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend for Monero. Ichimoku Kinko Hyo Cloud near the level 335 is expected to be tested near the level 335, from which we expect a rebound and an attempt to grow the cryptocurrency with a target at 450.
Monero forecast & analysis XMR/USD on January 3, 2018
Earlier, we received a weak signal for buy of the Monero cryptocurrency, by crossing the signal lines at 325 level. 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 300, which indicates the change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations XMR/USD is with a breakdown of the resistance level and closing above 380.
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