Monero XMR/USD is trading at the level of 114. 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 Ichimoku Kinko Hyo signal lines near 110 level is expected, from which it is expected to rebound and continue the growth of the cryptocurrency with a target at level 130. An additional signal in favor of the growth of the cryptocurrency will be a test of the support level.
Monero forecast & analysis XMR/USD on November 11, 2017
Earlier, we received a weak signal for buy of Montero cryptocurrency, due to the crossing of signal lines at level 85. The cancellation of the variant of Monero quotations growth will be the breakdown of the lower boundary of Ichimoku Kinko Hyo Cloud with the closing of quotations below area 95, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations XMR/USD stands with a breakdown of the level of 125.
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