Monero XMR/USD is trading at 399. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Monero. The test area of Ichimoku Kinko Hyo signal lines near the 380 level is expected, from which we should expect a rebound and an attempt at growth of the cryptocurrency with a target at the level of 455.
Monero forecast & analysis XMR/USD on January 8, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level. Earlier, a strong signal was received for buy of the Monero cryptocurrency, due to the crossing of the signal lines at level 345. Cancellation of the variant of growth of quotations Monero will become a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below area 325, which will indicate 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 410.