Monero XMR/USD is trading at the level of 121. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend for Monero. The Ichimoku Kinko Hyo Cloud upper limit test is expected near level 117, from which it is expected to rebound and continue the growth of the cryptocurrency with a target at 140. An additional signal in favor of the growth of the cryptocurrency will be a test of the support level.
Monero prediction & analysis XMR/USD on November 17, 2017
Earlier, a strong signal was received for buy of the Monero cryptocurrency, due to the crossing of the signal lines at level 120. The cancellation of the variant of the growth of the Monero quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 105, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations XMR/USD is with a breakdown level of 130.
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