Monero XMR/USD is trading at 43.14. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of an bullish trend for Monero. The Ichimoku Kinko Hyo Cloud upper boundary test is expected near the level of 42.40, from which one should expect an attempt of growth and further development of the bullish trend with the target of growth near the level of 48.70.
Monero forecast & analysis XMR/USD on August 4, 2017
Earlier, a medium strength signal was obtained for buying of the Monero cryptocurrency, by crossing the signal lines at level 42.43. Cancellation of the variant of the growth of quotations Monero will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations below the area of 39.90, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations for XMR/USD is with the breakdown of the local maximum area at the level of 47.60.
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