Monero XMR/USD completes trading week near area 201. 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 180 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 240.
Monero (XMR/USD) weekly forecast December 4 — 8, 2017
Earlier there was a signal of medium strength for buy of Monero cryptocurrency, by crossing signal lines at level 92. Canceling the growth variant quotes Monero will breakdown the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes below area 145, which indicates the change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations XMR/USD is with a breakdown of level 210.