Monero XMR/USD completes trading week near area 138. Cryptocurrency is traded above the upper boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of an bullish trend for Monero. Ichimoku Kinko Hyo indicator area signal lines are expected near the level 110, from which we 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 4 — 8, 2017
Earlier, a weak signal was obtained for buying of the Monero cryptocurrency, by crossing the signal lines at level 42. Canceling the growth variant quotations Monero will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations below the area of 90, which indicates 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 of the local maximum level with a close above the level of 165.
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