Monero XMR/USD is trading at the level of 40.71. The Cloud of Ichimoku Kinko Hyo broke through the cryptocurrency and began to trade above its upper limit, which indicates the presence of an upward trend for Monero. Ichimoku Kinko Hyo Cloud is expected to test near the level of 37.40, from which one should expect an attempt of growth and further development of the bullish trend with the aim of growth near the level of 46.70.
Monero XMR/USD prediction & analysis on July 22, 2017
Earlier, a weak signal was received for buying of Monero cryptocurrency, due to the crossing of the signal lines at the level of 32.55. Cancellation of the variant of growth of quotations Monero will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations below the area of 32.00, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations for XMR/USD is with the breakdown of the local maximum area at the level of 44.50.
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