Monero XMR/USD is trading at 44.40. The Ichimoku Cloud of Kinko Hyo broke through the cryptocurrency and began to bargain above its upper limit, which indicates the presence of an bullish trend for Monero. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 43.70, from which one should expect an attempt at growth and development of the bullish trend over Monero with a target to growth near the level of 51.10.
XMR/USD Monero prediction & analysis on July 5, 2017
Earlier, a weak signal was received for buying of the Monero cryptocurrency, due to the crossing 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 39.40, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations for XMR/USD is with the breakdown of the local maximum area at 50.00.
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