Monero XMR/USD completes the trading week near area 315. 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 near the 280 level is expected, from which it is expected to rebound and continue the development of the bullish trend with the target of growth near the level of 435. 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 January 1 — 5, 2017
Earlier, a weak signal was received for sell of Monero cryptocurrency, due to the crossing of signal lines at 325 level. Cancellation of the variant of the growth of quotations Monero will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations below the area of 200, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations XMR/USD stands with a breakdown of the level of 365.
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