Monero XMR/USD is trading at the level of 33.12. Cryptocurrency continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a bearish trend for Monero. The growth of quotations of XMR/USD to the level of 34.70 is expected, from which one should expect an attempt to drop and develop a bearish trend on the Monero with a target to lower near the level of 25.50.
Monero XMR/USD prediction & analysis on July 19, 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 quotes above the area of 40.00, which indicates the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations on XMR/USD is with the breakdown of the local minimum area at the level of 27.70.
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