Monero forecast & analysis XMR/USD on July 28, 2017


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Monero XMR/USD is trading at the level of 43.88. The Crypto currency 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 drop to the level of 41.30, from which one should expect an attempt of growth and further development of the bullish trend with the target of growth near the level of 51.40.

Monero forecast & analysis XMR/USD on July 28, 2017

Monero forecast & analysis XMR/USD on July 28, 2017

Earlier, a weak signal was received for sales of Monero cryptocurrency, due to the crossing of signal lines at the level of 41.54. Cancellation of the variant of growth of quotations Monero will become a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of ​​38.00, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations for XMR/USD is with the breakdown of the local maximum area at the level of 50.00.


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