Monero XMR/USD is trading at the level of 52.60. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of an bullish trend for Monero. Ichimoku Kinko Hyo indicator area signal lines are expected near the area 51 and the development of the bullish trend continues near the level of 60.
Monero prediction & analysis XMR/USD on August 22, 2017
Earlier, a weak signal was received for buying of the Monero cryptocurrency, due to crossing of the signal lines at level 47. Cancellation of the variant of Monero quotes growth will be a breakdown of the lower The Ichimoku Kinko Hyo Cloud borders with the closing of quotes below the area of 46.50, which indicates a change of trend in favor of a bearish trend. Expect to accelerate the growth of quotations XMR/USD stands with a breakdown of the local maximum level with a close above the level of 58.
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