Monero XMR/USD is trading at 33.90. Cryptocurrency continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Monero. The price of XMR/USD is expected to rise to the level of 38.00, from which one should expect an attempt to drop and develop a bearish trend on the Monero with a target to reducing near the level of 29.40.
Monero XMR/USD prediction & analysis on July 17, 2017
Earlier, we received a weak signal for sales of the Montero 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 quotes above the area of 43.80, 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 32.30.
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