Monero XMR/USD completes trading week near the 344 area. The cryptocurrency is trading above the upper Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Monero. Ichimoku Kinko Hyo Cloud is expected to test near the 335 level, from which it is expected to rebound and continue to develop an upward trend with a view to rising near 450.
Monero (XMR/USD) weekly forecast January 22 — 26, 2018
Earlier, a weak signal was received for sell of Monero cryptocurrency, by crossing signal lines at 335 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 stands with a breakdown of the upper boundary of the bearish channel and closing above the level of 470.
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