Monero forecast & analysis XMR/USD October 15, 2018


Monero XMR/USD is trading at 103.39. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a downward trend in Monero. As part of the Monero forecast & analysis XMR/USD October 15, 2018, the Ichimoku Kinko Hyo Cloud is expected to test the lower boundary near the 108.00 level, from where it is necessary to expect a rebound and an attempt to continue the cryptocurrency decline with a target at 92.00.

Monero forecast & analysis XMR/USD October 15, 2018

An additional signal in favor of the fall of the cryptocurrency will be the test of the resistance area, as well as a rebound from the upper boundary of the downward channel. Previously, a strong signal was received for sell of Monero cryptocurrency, due to the crossing of signal lines at the level of 114.00.

Monero forecast & analysis XMR/USD October 15, 2018

Cancellation of the option of falling Monero quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the level of 115.00. This will indicate a change in the downward trend in favor of the upward trend and the continuation of the growth of cryptocurrency quotes. Expect to accelerate the decline in quotes XMR/USD stands with the breakdown of the lower boundary of the downward channel and closing below 100.00.

Monero forecast & analysis XMR/USD October 15, 2018 suggests an attempt to develop cryptocurrency correction and resistance level test near 108.00, where you can expect further decline of Monero with a potential target near 92.00, a strong growth will be canceled and the breakdown of 115.00 that would indicate continued growth.


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