Monero XMR/USD is traded at level 302. 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 285 is expected to be tested near the level of 285, from which one should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at 340.
Monero forecast & analysis XMR/USD on March 3, 2018
Earlier, a weak signal was received for buy of the Monero cryptocurrency, by crossing the signal lines at 265 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 area 265, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of the growth of quotations XMR/USD stands with the breakdown of the resistance area and the closing above the level of 325.
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