Monero XMR/USD is trading at 411. 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 390 is expected, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with the target at 490. 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 December 21, 2017
Earlier, a medium strength signal was obtained for buy of the Monero cryptocurrency, due to the crossing of the signal lines at the level of 240. The abolition of the Monero quotation growth scenario will be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotations below area 310, 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 the breakdown of the upper limit of the bullish channel and the closing above the level of 450.
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