Monero XMR/USD is trading at the level of 172. 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 is expected to test the upper limit near the 165 level, from which it is expected to rebound and continue the growth of the cryptocurrency with a target at 200.
Monero prediction & analysis XMR/USD on December 2, 2017
An additional signal in favor of the growth of the cryptocurrency will be a uptrend line test. Earlier, a weak signal was received for sell of the Monero cryptocurrency, by crossing the signal lines at the level of 178. 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 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 is with a breakdown level of 180.
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