Monero XMR/USD is trading at the level 41.10. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Monero. The growth of quotations of XMR/USD to the level of 38.10 is expected, from which one should expect an attempt to drop and develop the bearish trend on Monero with the target of reducing near the level of 27.80.
Monero XMR/USD prediction & analysis on July 12, 2017
Earlier, we received a weak signal for sales of the Monero cryptocurrency, due to the crossing of the signal lines at the level of 45.20. An additional signal in favor of a bearish trend will be a resistance area test. Cancellation of the option of falling quotes Monero will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations above the area of 44.00, which indicates the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations for XMR/USD is with the breakdown of the local minimum area at 30.00.
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