Monero XMR/USD is trading at 413. The cryptocurrency is trading 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 near level 390 is expected, from which it is expected to rebound and try to grow the cryptocurrency with the target at 475. 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 January 10, 2018
Earlier, a strong signal was received for buy of Montero cryptocurrency, due to crossing of signal lines at level 375. 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 quotes below the area of 335, which indicates the change of the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations XMR/USD is with a breakdown of the resistance level and closing above 450.