Monero XMR/USD is trading at 43.61. Cryptocurrency continues to trade above the upper boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of an bullish trend for Monero. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 42.20, 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 51.00.
Monero forecast & analysis XMR/USD on July 29, 2017
Earlier, a strong signal was received for purchases of the Monero cryptocurrency, due to the crossing of the signal lines at the level of 42.10. Cancellation of the variant of growth of quotations Monero will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations below the area of 38.30, which will indicate a change in the bullish trend in favor of a 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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