Monero XMR/USD is trading at the level of 47.59. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Monero. Ichimoku Kinko Hyo Cloud Cloud Test is near the 48 level, from which it is expected to attempt a fall and further development of the bearish trend with a target near level 42.
Monero forecast & analysis XMR/USD on August 17, 2017
Earlier, a weak signal was received for sales of Monero cryptocurrency, by crossing the signal lines at level 50. By abolishing the fall variant quotes Monero will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes above the area of 50, which indicates the change of the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations XMR/USD is with the breakdown of the support area and closing below the level of 44.
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