Monero XMR/USD is trading at the level of 86. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Monero. Ichimoku Kinko Hyo signal line area test is near the level 87, from which we expect a rebound and the continued fall of the cryptocurrency with the target near level 80. An additional signal in favor of the drop of the cryptocurrency will be a resistance level test.
Monero prediction & analysis XMR/USD on October 12, 2017
Earlier, a strong signal was received for sell of the Monero cryptocurrency, by crossing the signal lines at level 89. The cancellation of the variant of the Monero quotations drop will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above area 92, which will indicate a bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations XMR/USD is at breakdown level 82.
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