Monero XMR/USD is trading at the level of 357. The 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 Cloud near the level 345 is expected to be tested near the level 345, from which we should expect a rebound and an attempt to grow the crypto currency with a target at 405. An additional signal in favor of the growth of the cryptocurrency will be the test of the lower boundary of the bullish channel.
Monero forecast & analysis XMR/USD on January 9, 2018
Earlier, a weak signal was received for sell of Monero cryptocurrency, due to the crossing of signal lines at level 365. 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 an acceleration in the growth of quotations XMR/USD stands with a breakdown of the resistance level and a close above 380.