Monero XMR/USD is trading at the level of 100. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of an bullish trend for Monero. Expected to test the upper boundary of the Cloud of the indicator near the level 95, from which we expect a rebound and the continued growth of the crypto currency with the target near the level of 110.
Monero prediction & analysis XMR/USD on September 29, 2017
An additional signal in favor of continuing the growth of quotations of the cryptocurrency will be a breakdown of the resistance level. Earlier, a weak signal was received for buy Monero cryptocurrency due to the crossing of signal lines at level 89. The cancellation of the variant of Monero quotations growth will be the breakdown of the lower boundary of Ichimoku Kinko Hyo Cloud with the closing of quotes below area 90, which will indicate the change of the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations XMR/USD stands with a breakdown of level 105.
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