Monero XMR/USD is trading at the level of 96. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Monero. Ichimoku Kinko Hyo signal line area test is near the level 93, from which we expect a rebound and the continued growth of the cryptocurrency with a target at level 105.
Monero forecast & analysis XMR/USD on November 8, 2017
Earlier, we received a weak signal for buy of the Monero cryptocurrency, by crossing the signal lines at level 85. Canceling 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 stands with a breakdown of level 105.
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