Monero XMR/USD is trading at the level of 94. Cryptocurrency is traded inside the Ichimoku Cloud Kinko Hyo, which indicates the presence of a flat trend on the Monero. The test of the upper limit of the Cloud of the indicator near the level 95 is expected, from which we should expect a rebound and the drop of the cryptocurrency with the aim near the level of 70.
Monero forecast & analysis XMR/USD on September 22, 2017
An additional signal in favor of the drop of the cryptocurrency will be a resistance level test. Earlier, a weak signal was received for buying of Monero cryptocurrency due to the intersection of signal lines at level 92. The cancellation of the variant of the Monero quotations drop will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above area 105, which indicates a change of flat trend in favor of the bullish trend. Expect to accelerate the fall in quotations XMR/USD and the continuation of the bearish trend is with the breakdown of the lower boundary of the «Triangle» model and closing below the level of 85.
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