Monero XMR/USD is trading at 83. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Monero. The test area of Ichimoku Kinko Hyo signal lines near level 85 is expected, from which we should expect a rebound and the continued fall of the cryptocurrency with a target at level 75. An additional signal in favor of the fall of the cryptocurrency will be a resistance level test.
Monero forecast & analysis XMR/USD on November 4, 2017
Earlier, a strong signal was received to sell the Monero cryptocurrency, by crossing the signal lines at level 88. Cancellation of the variant of the Monero quotations drop 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 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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