Monero XMR/USD is traded at the level of 94. Cryptocurrency is traded above the upper boundary of the Cloud of Ichimoku Kinko Hyo, which indicates that there is an bullish trend in Monero. Ichimoku Kinko Hyo signal line area test is near the 90 level, from which we expect a rebound and the continued growth of the cryptocurrency with the target near the level of 100.
Monero prediction & analysis XMR/USD on October 16, 2017
Earlier we received a weak signal for buy of the Monero cryptocurrency, by crossing the signal lines at level 87. Canceling the growth of the quotes Monero there will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below area 91, 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 at breakdown level 95.
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