Monero XMR/USD is trading at the level of 116. Cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend for Monero. The test of the lower boundary of the Cloud of the indicator near the level 117 is expected, from which we should expect a rebound and a fall with the target near the level of 90. An additional signal in favor of the drop of the cryptocurrency is the resistance area test.
Monero prediction & analysis XMR/USD on September 7, 2017
Earlier, we received a weak signal for sales of Monero cryptocurrency, by crossing the signal lines at level 132. Canceling 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 area 135, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes XMR/USD and continue the bearish trend is with the breakdown of the support level and with the closure below 100.
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