Monero XMR/USD is trading at 84. 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 87, from which we expect a rebound and the continued fall of the crypto currency with the target close to level 75.
Monero prediction & analysis XMR/USD on October 26, 2017
Earlier we received a weak signal for buy of the Monero cryptocurrency, by crossing the signal lines at level 85. By canceling the variant of the Monero quotations drop there will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 91, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations XMR/USD is worth a breakdown of the area 81.