Monero XMR/USD completes trading week near area 343. Cryptocurrency is traded above the upper Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend for Monero. Ichimoku Kinko Hyo signal line area test is near the 310 level, from which it is expected to rebound and continue the development of the bullish trend with the target of growth near the level of 400. An additional signal in favor of the growth of the cryptocurrency quotes will be a test of the support level.
Monero (XMR/USD) weekly forecast December 18 — 22, 2017
Earlier there was a signal of average strength for buy of Montero cryptocurrency due to the crossing of signal lines at level 92. The cancellation of the variant of Monero quotations growth will be the breakdown of the lower boundary of Ichimoku Kinko Hyo Cloud with the closing of quotes below area 220, 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 standing at the breakdown level of 370.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
