Monero XMR/USD is trading at level 112. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Monero. Ichimoku Kinko Hyo signal line area test is near the 107 level, from which it is expected to rebound and continue the growth of the cryptocurrency with the target at level 130.
Monero forecast & analysis XMR/USD on November 10, 2017
An additional signal in favor of the growth of the cryptocurrency will be the test of the lower border of the bullish channel. Earlier, a weak signal was received for buy of the Monero cryptocurrency, by crossing the signal lines at level 85. The cancellation of the variant of the Monero quotations growth will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 90, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations XMR/USD is at breakdown level 115.
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