Monero forecast & analysis XMR/USD on October 9, 2017


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Monero XMR/USD is trading at the level of 90. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend for Monero. Ichimoku Kinko Hyo indicator cloud is expected near the level 91, from which we expect a rebound and the continued fall of the cryptocurrency with a target near the level of 80.

Monero forecast & analysis XMR/USD on October 9, 2017

Monero forecast & analysis XMR/USD on October 9, 2017

Earlier, a strong signal was received for sell of the Monero cryptocurrency, by crossing the signal lines at level 89. By abolishing the variant of falling quotations Monero will become a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of ​​95, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations XMR/USD is at breakdown level 88.

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