Monero XMR/USD is trading at 347. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Monero. Ichimoku Kinko Hyo signal line area test near level 320 is expected, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at 400. An additional signal in favor of the growth of the cryptocurrency will be the test of the lower border of the channel and a test of the support level.
Monero forecast & analysis XMR/USD on March 4, 2018
Earlier, a weak signal was received for buy of Monero cryptocurrency, due to the crossing of signal lines at level 265. 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 285, which indicates the change of the bullish trend in favor of the bearish trend. Expect an acceleration in the growth of quotations XMR/USD stands with the breakdown of the resistance area and closing above the level of 380.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
