Monero XMR/USD is trading at the level of 97. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Monero. A test of the lower boundary of the Cloud of the indicator near the level of 100 is expected, from which it is expected to expect a rebound and a fall of the cryptocurrency with the target near the level of 70. An additional signal in favor of the drop of the cryptocurrency will be a resistance level test.
Monero prediction & analysis XMR/USD on September 19, 2017
Earlier, we received a weak signal for sales of the Monero cryptocurrency, by crossing the signal lines at level 92. 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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