Monero XMR/USD completes the trading week near area 389. The 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 360 level, from which it is expected to rebound and continue the development of the upward trend with the target of growth near the level of 520.
Monero (XMR/USD) weekly forecast January 8 — 12, 2018
Earlier, a weak signal was received for sell of the Monero cryptocurrency, by crossing the signal lines at 325 level. Cancellation of the variant of growth of quotations Monero will become a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below area 280, which will indicate the change of the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations XMR/USD is with a breakdown of the upper limit of the model «Triangle» and the closure above the level of 420.