Monero XMR/USD is trading at the level of 95.50. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Monero. A test of the lower boundary Cloud of the indicator is expected near level 105, from which one should expect a rebound and a fall with the target near level 70.
Monero prediction & analysis XMR/USD on September 17, 2017
An additional signal in favor of the drop of the cryptocurrency will be a resistance level test. Earlier, a signal of medium strength was obtained for the sales of Monero cryptocurrency, due to the crossing of signal lines at level 118. 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 quotations above area 115, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes XMR/USD and continue the bearish trend is at breakdown level 90.
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