Monero XMR/USD is trading at 66.18. 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 6, 2019. The test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 62.00. Where should we expect a rebound and an attempt to continue the fall of cryptocurrency with a goal at 76.65.
Monero Forecast and XMR/USD Analysis April 6, 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 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 70.05. The area of support for XMR/USD is located at 63.55.
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 58.05. 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 acceleration of growth of XMR/USD quotes with the breakdown of the resistance area and closing above 70.65.
Monero Forecast and XMR/USD Analysis April 6, 2019 imply an attempt to develop a cryptocurrency correction and a support level test near 62.00. Where can we expect to continue the growth rate of Monero with a potential goal near the level of 76.65. Cancellation option lift will make the fall and the breakdown of the 58.05 area. This will indicate a continuation of the decline with a potential target of 53.50.