Monero XMR/USD is traded at the level of 196. 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 signal line area test is near the level 190, from which we expect a rebound and continued growth of the cryptocurrency with the target at level 230.
Monero forecast & analysis XMR/USD on December 5, 2017
Earlier, a strong signal was received for buy of the Monero cryptocurrency, by crossing the signal lines at level 178. Canceling the variant of the growth of quotations Monero there will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 170, which will indicate a shift in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations XMR/USD is with a breakdown of level 210.
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