Monero XMR/USD finalizes the trading week near area 127. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of an bullish trend for Monero. Ichimoku Kinko Hyo indicator area signal lines are expected near the level 115, from which we can expect a rebound and the continuation of the development of the bullish trend with a target near the level of 170.
Monero weekly forecast on September 11 — 15, 2017
Earlier, a weak signal was received for buying of the Monero cryptocurrency, by crossing the signal lines at level 42. Canceling the growth variant quotes Monero will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations below area 87, which indicates a 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 140.
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