Monero XMR/USD is trading at level 89. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Monero. Ichimoku Kinko Hyo Cloud is expected to test near the level 90, from which it is expected to rebound and continue falling of the cryptocurrency with the target near the level of 80.
Monero prediction & analysis XMR/USD on October 20, 2017
An additional signal in favor of the drop will be a resistance level test. Earlier, we received a weak signal for sell of Monero cryptocurrency, due to the crossing of signal lines at level 94. The cancellation of the variant of falling quotations of Monero will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 97, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations XMR/USD stands with a breakdown of level 84.
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