Monero XMR/USD is trading at 48.50. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of an bullish trend for Monero. The price of XMR/USD is expected to fall to the upper boundary of the Ichimoku Kinko Hyo Cloud near the level of 47.50, where we can expect an attempt of growth and further development of the bullish trend with the target of growth near the level of 55.
Monero forecast & analysis XMR/USD on August 13, 2017
Earlier we received a weak signal for sales of Monero cryptocurrency, At the level of 50. Cancellation of the variant of growth of quotations Monero will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations below area 46, which indicates the change of the bullish trend in favor of the bearish. Expect to accelerate the growth of quotations for XMR/USD is with the breakdown of the local maximum area at 53.
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