Monero XMR/USD is trading at 52.77. XMR/USD quotes move above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates an upward trend in Monero. As part of the cryptocurrency exchange rate forecast for April 1, 2019. The test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 51.75. Where should we expect a rebound and an attempt to continue the fall of cryptocurrency with the goal at the level of 57.05.
Monero forecast and XMR/USD Analysis April 1, 2019
An additional signal in favor of the fall of cryptocurrency will be the test of the support area. The second signal will be a rebound from the upper boundary of the downward channel. Earlier, a weak signal was received for BUY the Monero. The signal was formed due to the intersection of signal lines at the level of 49.55. The nearest resistance area is at 54.00. The area of support for XMR/USD is located at 50.75.
Cancellation of the growth option of Monero quotes will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with quotes closing below 49.65. This option will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall in cryptocurrency quotes. Expect to accelerate the growth of quotes XMR/USD stands with the breakdown of the resistance area and closing above the level of 53.75.
Monero forecast and XMR/USD Analysis April 1, 2019 suggests an attempt to develop a cryptocurrency correction and a support level test near 51.75. Where can we expect to continue the growth rate of Monero with a potential goal near the level of 57.05. Cancellation option lift will make the fall and the breakdown of the area 49.65. This will indicate a continuation of the decline with a potential target of 45.35.