Monero XMR/USD is closing the trading week near area 81. Cryptocurrency is trading above the upper boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of an bullish trend for Monero. Ichimoku Kinko Hyo indicator cloud is expected near the level 75, from which it is expected to rebound and continue the development of the bullish trend with a target near the level of 125. An additional signal in favor of the growth of the cryptocurrency will be the test of the lower boundary of the bullish channel.
Monero weekly forecast on September 18 — 22, 2017
Earlier, a weak signal was received for buying of the Monero cryptocurrency, due to the crossing of the signal lines at level 42. The cancellation of the variant of the growth of the Monero quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 55, 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 a breakdown level of 90.
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