Monero XMR/USD completes trading week near area 297. 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 265 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 425. 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 25 — 29, 2017
Earlier, there was a medium strength signal for purchases 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 Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 180, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations XMR/USD is standing at the breakdown level of 370.
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