Monero XMR/USD is traded at level 89. Cryptocurrency is traded inside 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 31, 2017
Earlier, a weak signal was received for buy of Montero cryptocurrency due to the crossing of signal lines at level 86. The cancellation of the variant of the growth of Monero quotations will be the breakdown of the lower boundary of Ichimoku Kinko Hyo Cloud with the closing of quotations below area 84, 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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