Monero XMR/USD is trading at level 130. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Monero. It is expected to test the area of the signal lines of the indicator near the level of 125, from which we expect a rebound and the continuation of the development of the bullish trend with a target near level 170. An additional signal in favor of the growth of the cryptocurrency will be the test of the support area.
Monero prediction & analysis XMR/USD on August 31, 2017
Earlier, a strong signal was received for purchases of the Monero cryptocurrency, by crossing the signal lines at level 62. Cancellation of the variant of the growth of the Monero quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 100, which will indicate a change in the bullish trend in favor of the 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 155.
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