Monero XMR/USD is trading at 339. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Monero. The Ichimoku Kinko Hyo signal line area test is expected near the 320 level, from which one should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at 390. An additional signal in favor of the growth of the cryptocurrency will be a test of the lower border of the channel and a test of the support level.
Monero forecast & analysis XMR/USD on March 5, 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 the acceleration of the growth of quotations XMR/USD is with the breakdown of the resistance area and the closing above the level of 370.
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