Monero XMR/USD is trading at the level of 86. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Monero. Ichimoku Kinko Hyo Cloud near the level 90 is expected to be tested near the level of 90, from which we expect a rebound and the continued fall of the cryptocurrency with a target at level 80.
Monero forecast & analysis XMR/USD on November 2, 2017
Earlier, a strong signal was received for sell of the Monero cryptocurrency, by crossing the signal lines at level 88. By canceling the variant of falling quotes 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 the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations XMR/USD is the breakdown of the bottom of the model «Triangle» and closing below the level of 83.
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