Monero prediction & analysis XMR/USD on October 22, 2017


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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 of 88, from which we expect a rebound and the continued fall of the cryptocurrency with a target close to level 80.

Monero prediction & analysis XMR/USD on October 22, 2017

Monero prediction & analysis XMR/USD on October 22, 2017

Earlier we received a weak signal for sell of Monero cryptocurrency, by crossing the signal lines at level 94. By canceling the variant of the Monero quotations drop there will be a breakdown of the upper boundary of Ichimoku Kinko Hyo Cloud with the closing of quotes above area 95, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations XMR/USD is with a breakdown of the support level and closing below the area 84.

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