Monero XMR/USD is trading at the level of 87. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend on the Monero. The breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud near the level of 90 is expected, from which we should expect a rebound and the continued growth of the cryptocurrency with a target at 95. An additional signal in favor of the growth of the cryptocurrency is the formation of the «Head and Shoulders» reversal model.
Monero forecast & analysis XMR/USD on October 30, 2017
Earlier, a medium strength signal was received for sell of Monero cryptocurrency, by crossing the signal lines at level 88. Cancellation of the variant of growth of Monero quotations will be a breakdown of the lower boundary of Ichimoku Kinko Hyo Cloud with the closing of quotations below area 83, which indicates a change of flat trend in favor of the bearish trend. Expect to accelerate the growth of quotations XMR/USD stands with the breakdown of the area 90.
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