Monero XMR/USD is trading at the level of 39.60. Cryptocurrency continues to trade above the upper boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of an bullish trend for Monero. The price of XMR/USD is expected to drop to the level of 38, from which one should expect an attempt of growth and further development of the bullish trend with a target close to level 50.
Monero XMR/USD prediction & analysis on July 26, 2017
Earlier, a weak signal was received for buying of Monero cryptocurrency, by crossing signal lines at level 32. Canceling the growth of quotations Monero there will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below area 34, 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 47.
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