Monero forecast & analysis XMR/USD on January 21, 2018


Monero XMR/USD is trading at 393. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend for Monero. Ichimoku Kinko Hyo Cloud near the level 355 is expected to be tested near the level 355, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at level 485.

Monero forecast & analysis XMR/USD on January 21, 2018

Monero forecast & analysis XMR/USD on January 21, 2018

An additional signal in favor of the growth of the cryptocurrency is the formation of the «Head and Shoulders» reversal model. Earlier, a weak force signal was obtained for buy of the Monero cryptocurrency, by crossing the signal lines at level 325.

Cancellation of the variant of 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 ​​300, which indicates the change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations XMR/USD stands with a breakdown level of 420.


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