Monero XMR/USD is trading at 96. 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 100 is expected, from which it is expected to expect a rebound and a fall of the cryptocurrency with the aim 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 20, 2017
Earlier, a weak signal was received for buying of Monero cryptocurrency due to the crossing of signal lines at level 92. The cancellation of the variant of the Monero quotations drop will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 105, 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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