Monero XMR/USD is trading at the level of 121. 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 signal line area test is expected near the level 120, from which it is expected to rebound and continue the growth of the cryptocurrency with a target at 140. An additional signal in favor of the growth of the cryptocurrency will be the test of the lower border of the bullish channel.
Monero forecast & analysis XMR/USD on November 15, 2017
Earlier, a weak signal was received for buy of the Monero cryptocurrency, due to crossing the signal lines at level 85. The cancellation of the variant of the growth of the Monero quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 100, 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 135.