Monero weekly forecast on October 2 — 6, 2017


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Monero XMR/USD completes the trading week near area 92. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Monero. Ichimoku Kinko Hyo indicator cloud is expected near the level of 90, from which it is expected to rebound and continue the development of trend growth with a target near the level of 135. An additional signal in favor of growth is the test of the lower boundary of the rising channel.

Monero weekly forecast on October 2 — 6, 2017

Monero weekly forecast on October 2 — 6, 2017

Earlier, we received a weak signal for sell Monero cryptocurrency, by crossing the signal lines at level 100. Cancellation of the variant of Monero quotations growth will be a breakdown of the lower boundary of Ichimoku Kinko Hyo Cloud with the closing of quotes below area 85, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations XMR/USD stands with the breakdown of the upper boundary of the Cloud and the closing above the level of 110.

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