Monero XMR/USD is trading at the level of 87. Cryptocurrency is trading below the lower boundary of the Cloud of Ichimoku Kinko Hyo, which indicates the presence of a bearish trend for Monero. Ichimoku Kinko Hyo Cloud near the level 90 is expected to be tested near the level of 90, where we expect a rebound and the continued fall of the cryptocurrency with a target at level 80.
Monero forecast & analysis XMR/USD on November 1, 2017
Earlier, we received a weak signal for buy of the Monero cryptocurrency, by crossing the signal lines at level 86. By abolishing the variant of the Monero there will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 90, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotes XMR/USD stands with the breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo and closing below 83.
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