Monero forecast & analysis XMR/USD on August 25, 2017

Monero XMR/USD is trading at the level of 84. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of an bullish trend for Monero. Ichimoku Kinko Hyo indicator area signal lines are expected near the area of ​​77, from which one should expect a rebound and the continuation of the bullish trend development with the target near level 115.

Monero forecast & analysis XMR/USD on August 25, 2017

Monero forecast & analysis XMR/USD on August 25, 2017

Earlier, a strong signal was received for buying of Monero cryptocurrency, by crossing the signal lines at level 62. Canceling the growth variant quotes Monero will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations below area 68, which indicates a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations XMR/USD stands with a breakdown of the local maximum level with a close above the level of 100.


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