Monero XMR/USD is trading at the level of 99. 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 signal line area test is near the 97 level, from which we expect a rebound and the continued growth of the cryptocurrency with a target at 110.
Monero forecast & analysis XMR/USD on November 9, 2017
Earlier we received a weak signal for buy of Monero cryptocurrency due to the crossing of the signal lines at level 85. 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 quotes below the area of 90, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations XMR/USD stands with a breakdown of level 105.
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