Monero XMR/USD is trading at the level of 87. Cryptocurrency is trading below the lower boundary of the Cloud of Ichimoku Kinko Hyo, which indicates the presence of a bearish trend for Monero. Ichimoku Kinko Hyo Cloud near the level 90 is expected to be tested near the level of 90, where we expect a rebound and the continued fall of the cryptocurrency with the target close to level 80.
Monero prediction & analysis XMR/USD on October 19, 2017
Earlier we received a weak signal for sell of Monero cryptocurrency due to the crossing of the signal lines at level 94. By canceling the variant of falling quotes Monero there will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 96, which indicates a change in the bearish trend in favor of the bullish. Expect the acceleration of the fall in quotations XMR/USD stands with a breakdown of level 84.
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