Monero XMR/USD completes trading week near area 240. Cryptocurrency is traded above the upper Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend for Monero. The Ichimoku Kinko Hyo signal line area test is expected near the 220 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 320.
Monero (XMR/USD) weekly forecast December 11 — 15, 2017
An additional signal in favor of the growth of the cryptocurrency quotes will be a test of the support level. Earlier there was a medium strength signal for buy of the Monero cryptocurrency, by crossing the signal lines at level 92. Cancellation of the variant of the Monero quotations growth will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 170, which will indicate a bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations XMR/USD is worth a breakdown of the level of 275.
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