Monero XMR/USD is trading at 349. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend for Monero. The test area of the Ichimoku Kinko Hyo signal lines 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 level 390.
Monero forecast & analysis XMR/USD on March 6, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the lower border of the channel, as well as a test of the support level. Earlier, a weak signal was received for purchases 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 300, which indicates the change in 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 the closing above the level of 375.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
