Monero is trading at 64.61. XMR/USD quotes are moving inside Ichimoku Kinko Hyo clouds. This indicates the presence of a flat trend on Monero. As part of the cryptocurrency exchange rate forecast for April 12, 2019. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the 61.65 level. Where should we expect a rebound and an attempt to continue the fall of cryptocurrency with a goal at the level of 74.25.
Monero Forecast and XMR/USD Analysis April 13, 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 SELL the Monero cryptocurrency. The signal was formed due to the intersection of signal lines at the level of 67.45. The nearest resistance area is at 70.55. The support area for XMR/USD is at 61.25.
Cancellation of the growth option of Monero quotes will be a breakdown of the lower border of the Ichimoku Kinko Hyo Cloud with quotes closing below the level of 59.65. This option will indicate a change in the side 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 boundary of the indicator cloud and closing above 69.50.
Monero Forecast and XMR/USD Analysis April 13, 2019 imply an attempt to develop a cryptocurrency correction and a support level test near 61.65. Where can we expect to continue the growth rate of Monero with a potential goal near the level of 74.25. Cancellation option lift will make the fall and the breakdown of the area of 59.65. This will indicate a continuation of the decline with a potential target of 53.55.