Monero XMR/USD completes trading week near area 163. Cryptocurrency is traded above the upper Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend for Monero. The test area of Ichimoku Kinko Hyo signal lines near the 158 level is expected, from which one should expect a rebound and the development of a bullish trend to continue near the level of 160. An additional signal of the growth of the cryptocurrency will be a test of the support level.
Monero forecast November 27 — December 1, 2017
Earlier there was a signal of medium strength for buy of the Monero cryptocurrency, by crossing the signal lines at level 92. Cancellation of the variant of the growth of the Monero quotations will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 120, which will indicate the change of the bullish tendency in favor of the bearish trend. Expect to accelerate the growth of quotations XMR/USD is the breakdown of the upper limit of the model «Triangle» and closing above the level of 170.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
