Monero weekly forecast on November 13 — 17, 2017


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Monero XMR/USD completes the trading week near area 116. Cryptocurrency is trading above the upper Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend for Monero. Ichimoku Kinko Hyo Cloud is expected to test near the 110 level, from which it is expected to rebound and continue to develop a bullish trend with a target to rising near the level of 150.

Monero weekly forecast on November 13 — 17, 2017

Monero weekly forecast on November 13 — 17, 2017

Earlier there was a signal of average strength for buy of Monero cryptocurrency, by crossing the signal lines at level 92. Canceling the growth variant quotes Monero will breakdown the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes below the area of ​​90, which indicates the change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations XMR/USD stands with a breakdown of the level of 125.

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