Monero XMR/USD is trading at level 105. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Monero. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 97 level, from which it is expected to rebound and continue the growth of the cryptocurrency with a target at level 115. An additional signal in favor of the growth of the cryptocurrency will be a test of the support level.
Monero forecast & analysis XMR/USD on November 12, 2017
Earlier, a weak signal was received for buy of the Monero cryptocurrency, by crossing the signal lines at level 85. The cancellation of the variant of the Monero quotations growth will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 90, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations XMR/USD is at breakdown level 112.
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