Monero XMR/USD is trading at 98. The currency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Monero. It is expected to test the area of the signal lines of the indicator near the level 100, from which we should expect a rebound and a fall with a target near level 72. An additional signal in favor of the fall of the crypto currency will be the test of the lower bound of the «Triangle» model.
Monero forecast & analysis XMR/USD on September 15, 2017
Earlier, a signal of average strength was obtained for sales of the Monero cryptocurrency, by crossing the signal lines at level 118. By canceling the variant of the Monero quotations drop, the upper bound of the Cloud of Ichimoku Kinko Hyo will break with the closing of quotes above area 117, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations XMR/USD and continue the bearish trend is with the breakdown of the support level and closing below 90.
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