Monero XMR/USD completes trading week near area 129. Cryptocurrency is traded above the upper Clouds of Ichimoku Kinko Hyo, which indicates the presence of a bullish trend for Monero. Ichimoku Kinko Hyo signal line area test near level 118 is expected, from which it is expected to rebound and continue the development of the bullish trend with a target to growth near level 160.
Monero weekly forecast on November 20 — 24, 2017
Earlier there was a signal of average strength for buy of Monero cryptocurrency due to the crossing of 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 is with a breakdown level of 130.
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