Monero XMR/USD is trading at the level of 135. The currency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of an bullish trend for Monero. A test of the lower border of the upside near the area 134 is expected, from which it is expected to rebound and continue the development of the bullish trend with a target near the level of 170.
Monero prediction & analysis XMR/USD on August 29, 2017
Earlier, a strong signal was received for buying of the Monero cryptocurrency, by crossing the signal lines at level 62. The abolition of the Monero quotations the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes below area 97, 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 145.
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