Monero XMR/USD is trading at the level of 39.56. The Ichimoku Cloud of Kinko Hyo broke through the cryptocurrency and began to trade below its lower limit, which indicates the presence of a bearish trend for Monero. Ichimoku Kinko Hyo Cloud near the level 39.80 is expected to be tested, from which it is expected to try to fall and further develop the bearish trend with the target of reducing near the level of 32.00.
Monero forecast & analysis XMR/USD on August 1, 2017
Earlier, a strong signal was received for sales of Monero cryptocurrency, due to the crossing of signal lines at the level of 42.08. Cancellation of the option of falling quotes Monero will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations above the area of 43.30, which indicates the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations for XMR/USD is with the breakdown of the local minimum area at 33.30.
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