Monero XMR/USD is trading at the level of 184. Cryptocurrency is traded above the upper boundary of the 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 level 175 is expected, from which it is expected to rebound and continue the growth of the cryptocurrency with the target at level 215.
Monero prediction & analysis XMR/USD on December 1, 2017
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, by crossing the signal lines at level 166. The cancellation of the variant of the growth of the Monero quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 155, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations XMR/USD stands with a breakdown of the level of 195.
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