Monero XMR/USD is trading at the level of 50.54. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of an bullish trend for Monero. The price of XMR/USD is expected to fall to the upper boundary of the Ichimoku Kinko Hyo Cloud near level 47, from which it is expected to try to grow and further develop the bullish trend for growth near the level of 57.
Monero prediction & analysis XMR/USD on August 11, 2017
Earlier, a signal of medium strength was obtained for buying of the Monero cryptocurrency at the level of 42.45. Cancellation of the variant of growth of quotations Monero will become a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations below area 43, 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 53.
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