Monero XMR/USD completes the trading week near area 86. Cryptocurrency is traded below the lower Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend for Monero. Ichimoku Kinko Hyo indicator cloud is expected near the level of 93, from which it is expected to rebound and continue the development of the bearish trend with a target to falling near the level of 55.
Monero forecast on October 30 — November 3, 2017
Earlier there was a strong signal for sell of the Monero cryptocurrency, by crossing the signal lines at the level of 93. By abolishing the fall variant quotes Monero will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes above the area of 110, which indicates the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations XMR/USD is with the breakdown of the lower boundary of the model «Triangle» and closing below 79.
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