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. A test of the lower boundary of the Cloud of the indicator near the level of 105 is expected, from which one should expect a rebound and a fall with the target near level 70.
Monero prediction & analysis XMR/USD on September 18, 2017
An additional signal in favor of the drop of the cryptocurrency will be a resistance level test. Earlier, a weak signal was received for buying of Monero cryptocurrency, by crossing the signal lines at level 95. Cancellation of the variant of the Monero quotations drop will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 115, which indicates a change of 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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