Monero XMR/USD is trading at the level of 94. Cryptocurrency is traded inside the Ichimoku Cloud Kinko Hyo, which indicates the presence of a lateral trend on the Monero. The test of the upper limit 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 75. An additional signal in favor of the drop of the crypto currency will be a resistance level test.
Monero prediction & analysis XMR/USD on September 21, 2017
Earlier, a weak signal was received for purchases of the Monero cryptocurrency, due to the crossing of the 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 quotations above the area of 110, indicating a change in the flat trend in favor of the bullish trend. Expect to accelerate the fall in quotations XMR/USD and the continuation of the bearish trend is with the breakdown of the lower boundary of the «Triangle» and closing below the level of 87.
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