Monero XMR/USD is traded at the level of 359. 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 near the level 335 is expected to be tested near the 335 level, from which it is expected to rebound and try to grow the cryptocurrency with the target at level 430.
Monero forecast & analysis XMR/USD on January 6, 2018
Earlier, a weak signal was received for buy of the Monero cryptocurrency, by crossing the signal lines at 325 level. Cancellation of the variant of growth of quotations Monero will become a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below area 305, which will indicate a change in the bullish trend in favor of the bearish trend. Expect an acceleration in the growth of quotations XMR/USD stands with a breakdown of the resistance level and a close above 380.