Monero XMR/USD is trading at 223. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in Monero. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud near level 210 is expected, from which one should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at level 270.
Monero forecast & analysis XMR/USD on March 22, 2018
An additional signal in favor of the growth of the cryptocurrency will be the test of the upper boundary of the bearish channel, as well as a test of the support level. Earlier, a weak signal was received for buy of Montero cryptocurrency, due to the crossing of signal lines at level 185.
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 level of 170, which indicates the change of the flat trend in favor of a bearish trend. Expect to accelerate the growth of quotations XMR/USD stands with the breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo and the closing above the level of 240, which indicates the resumption of the bullish trend.
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