Monero XMR/USD is trading at the level of 44.87. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of an upward trend for Monero. The Ichimoku Kinko Hyo Cloud upper boundary test is expected near the level of 44.20, from which one should expect an attempt at growth and development of the bull trend over Monero with a view to growth near the level of 50.20.
Monero XMR/USD prediction & analysis on July 6, 2017
Earlier, a weak signal was received for purchases of the Monero cryptocurrency, due to the intersection of the signal lines at the level of 41.60. 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 the area of 39.80, which will indicate a change in the upward trend in favor of a downward trend. Expect to accelerate the growth of quotations for XMR/USD is with the breakdown of the local maximum area at the level of 48.90.
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