Monero XMR/USD is trading at the level of 103. Cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Monero. The test of the lower boundary of the Cloud of the indicator near the level 114 is expected, from which we should expect a rebound and a fall with the target near level 80. An additional signal in favor of the growth of the cryptocurrency is the test of the support area.
Monero forecast & analysis XMR/USD on September 6, 2017
Earlier, we received a weak signal for sales of Monero cryptocurrency, by crossing the signal lines at level 132. Canceling 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 135, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotes XMR/USD and the continuation of the bearish trend is with the breakdown of the support level and with the closure below 90.
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