Monero is trading at 63.50. 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 forecast of the cryptocurrency rate for the week of April 15 — 19, 2019. A test of the area of the Ichimoku Kinko Hyo signal lines is expected near the level of 58.45. Where can we expect a rebound and an attempt to continue the growth of cryptocurrency with the goal at the level of 80.55.
Monero Forecast for the week of April 15 — 19, 2019
An additional signal in favor of raising cryptocurrency will be the test area of support. The second signal will be a rebound from the lower boundary of the bullish channel. Previously, a strong signal was received for BUY the Monero cryptocurrency. The signal was formed due to the intersection of the signal lines at the level of 48.55. The nearest resistance area is at 71.95. The support area for XMR/USD is at 56.55.
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 45.00. 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 72.05.
Monero Forecast for the week of April 15 — 19, 2019 suggests an attempt to develop a cryptocurrency correction and a support level test near 58.45. Where can we expect to continue the growth rate of Monero with a potential target near the level of 80.55. Cancellation of the lifting option will be the fall and the breakdown of the area 45.00. This will indicate a continuation of the decline with a potential target of 35.55.