Monero XMR/USD is traded at level 89. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend for Monero. Ichimoku Kinko Hyo Cloud near the level 87 is expected to be tested near the level of 87, from which we expect a rebound and the continued growth of the cryptocurrency with a target at level 100.
Monero forecast & analysis XMR/USD on November 7, 2017
Earlier we received a weak signal for buy of the Monero cryptocurrency, by crossing the signal lines at level 85. The cancellation of the variant of the growth of quotations Monero there will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 82, 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 95.
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