Monero XMR/USD is trading at the level of 90. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend for Monero. A test of the lower boundary of the Cloud of the indicator near the level of 92 is expected, from which we should expect a rebound and a drop in the cryptocurrency with the target near the level of 70.
Monero prediction & analysis XMR/USD on September 24, 2017
Earlier, we received a signal of medium strength for sales of the Monero cryptocurrency, by crossing the signal lines at level 94. Cancellation of the Monero quotations the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 105, which indicates the change of the bearish trend in favor of the bullish. Expect to accelerate the fall in quotations XMR/USD is with a breakdown of level 80.
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