Monero XMR/USD is trading at 137. The currency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Monero. A test of the lower border of the upside near the area 135 is expected, from which one should expect a rebound and the continuation of the development of the bullish trend with a target near the level of 170.
Monero forecast & analysis XMR/USD on August 30, 2017
Earlier, a strong signal was received for buying of the Montero cryptocurrency, by crossing the signal lines at level 62. The abolition of the Monero quotations the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes below area 97, which indicates a change of 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 155.
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