Monero XMR/USD is trading at the level of 49.35. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of an bullish trend for Monero. The price of XMR/USD is expected to drop to 46.40, from which it is expected to attempt an increase and further development of the bullish trend with a target to rising near level 55.
Monero XMR/USD prediction & analysis on August 9, 2017
Earlier, a signal of average strength was obtained for buying of the Monero cryptocurrency, by crossing the signal lines at 42.45. An additional signal in favor of the bullish trend will be a test of the support area. Cancellation of the variant of growth of quotations Monero will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations below area 42, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations for XMR/USD is with the breakdown of the local maximum area at 52.00.
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