Monero XMR/USD is trading at the level of 47.85. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend on the Monero. The growth of quotations of XMR/USD to the level of 48.50 is expected, from which one should expect an attempt to fall and further develop the bearish tendency with the target of reducing near the level of 46.20.
Monero forecast & analysis XMR/USD on August 21, 2017
Earlier, a weak signal was received for purchases of the Monero cryptocurrency, due to the crossing of the signal lines at the level of 47.30. 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 quotes above the area of 49.70, which indicates a change in 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 46.70.
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