Monero XMR/USD is trading at 139. The currency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Monero. Expected to test the upper boundary of the Cloud of the indicator near the level of 127, from which we expect a rebound and the continuation of the development of the bullish trend with a target near the level of 170.
Monero forecast & analysis XMR/USD on September 1, 2017
An additional signal in favor of the growth of the cryptocurrency will be the test of the support area. Earlier, a strong signal was received for sales of the Monero cryptocurrency, by crossing the signal lines at the level of 135. The cancellation of the variant of the growth of the Monero quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below area 115, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations XMR/USD stands with a breakdown of the local maximum level with a close above the level of 155.
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