Monero XMR/USD completes the trading week near the area of 90. Cryptocurrency is traded below the lower boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend for Monero. Ichimoku Kinko Hyo indicator cloud is expected near the level of 93, from which one should expect a rebound and the continuation of the development of the bearish trend with a target to falling near the level of 50.
Monero weekly forecast on October 16 — 20, 2017
Earlier, a signal of medium strength was obtained for sell of the Monero cryptocurrency, by crossing the signal lines at level 94. Withdrawal a variant of falling quotations Monero will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations above area 105, 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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