Monero weekly forecast on September 25 — 29, 2017


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Monero XMR/USD finalizes the trading week near the area of ​​89. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend for Monero. The Ichimoku Kinko Hyo indicator cloud is expected near the level of 90, from which we should expect a rebound and continue the development of a bearish trend with a target close to level 60.

Monero weekly forecast on September 25 — 29, 2017

Monero weekly forecast on September 25 — 29, 2017

Earlier we received a weak signal for sales of the Monero cryptocurrency, by crossing the signal lines at level 100. Cancellation the fall variant quotes Monero will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes above area 115, which indicates the change of the bearish trend in favor of an bullish trend. Expect to accelerate the fall in quotations XMR/USD is worth a breakdown level of 85.


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