Monero XMR/USD is trading at 85. Cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend in Monero. The Ichimoku Kinko Hyo Cloud lower boundary test is expected near the 87 level, from which it is expected to expect a rebound and the continued fall of the cryptocurrency with a target at level 77. An additional signal in favor of the fall of the cryptocurrency will be the test of the upper boundary of the bearish channel.
Monero forecast & analysis XMR/USD on November 6, 2017
Earlier, a weak signal was received for buy of Monero cryptocurrency due to the crossing of signal lines at level 85. The cancellation of the variant of the Monero quotations drop will be the 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 at breakdown level 83.
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