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 it is expected to rebound and drop the cryptocurrency with the target close to 70.
Monero prediction & analysis XMR/USD on September 26, 2017
Earlier, we received a signal of medium strength for sales of Monero cryptocurrency, by crossing the signal lines at level 94. Cancellation of the Monero quotation drop will be a breakdown the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes above the area of 100, which indicates the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations XMR/USD is with the breakdown of the support level and closing below 80.
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