Monero is trading at 67.06. XMR/USD quotes move above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates a bullish trend in Monero. As part of the cryptocurrency exchange rate forecast for April 10, 2019. The test of the upper boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 65.45. Where should we expect a rebound and an attempt to continue the fall of cryptocurrency with a goal at the level of 75.15.
Monero Forecast and XMR/USD Analysis April 10, 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 lower boundary of the rising channel. Earlier, a weak signal was received for BUY the Monero cryptocurrency. The signal was formed due to the intersection of the signal lines at the level of 50.15. The nearest resistance area is at 71.00. The support area for XMR/USD is at 65.45.
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 the level of 59.05. 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 XMR USD quotes with the breakdown of the upper limit of the model «Triangle» and closing above the level of 71.55.
Monero Forecast and XMR/USD Analysis April 10, 2019 imply an attempt to develop a cryptocurrency correction and a support level test near 65.45. Where can we expect to continue the growth rate of Monero with a potential goal near the level of 75.15. Cancellation of the lifting option will be the fall and the breakdown of the area of 59.05. This will indicate continued decline with a potential target of 55.25.