Monero forecast & analysis XMR/USD on September 13, 2017


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Monero XMR/USD is trading at level 113. The currency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Monero. A test of the lower boundary is expected. The cloud of the indicator near level 115, from which one should expect a rebound and a fall with a target near the level of 90.

Monero forecast & analysis XMR/USD on September 13, 2017

Monero forecast & analysis XMR/USD on September 13, 2017

Earlier, a signal of medium strength was obtained for sales of Monero cryptocurrency, by crossing the signal lines at level 118. Cancellation of the variant of the quotations of Monero will be a breakdown the Ichimoku Kinko Hyo Cloud borders with the closing of quotes above the area of ​​125, which indicates the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes XMR/USD and continue the bearish trend is with the breakdown of the support level and closing below 100.

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