Monero prediction & analysis XMR/USD on October 21, 2017


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Monero XMR/USD is trading at 91. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Monero. Ichimoku Kinko Hyo Cloud near the level 92 is expected to be tested near the level, from which it is expected to rebound and continue falling of the cryptocurrency for the target near the level of 80.

Monero prediction & analysis XMR/USD on October 21, 2017

Monero prediction & analysis XMR/USD on October 21, 2017

An additional signal in favor of the drop will be a resistance level test. Earlier, a weak signal was received for sell of Monero cryptocurrency, due to the crossing of signal lines at level 94. 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 quotes above area 95, which will indicate a 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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