Monero XMR/USD is trading at the level 79. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Monero. Ichimoku Kinko Hyo signal line area test is near the level 83, from which it is expected to expect a rebound and the continued fall of the cryptocurrency with a target at level 72.
Monero forecast & analysis XMR/USD on November 3, 2017
Earlier, a strong signal was received for sell of Monero cryptocurrency, by crossing the signal lines at level 88. By canceling 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 the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes XMR/USD is with a breakdown of level 77.
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