Monero XMR/USD is trading at the level of 36.25. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend on the Monero. The price of XMR/USD is expected to fall to the level of 33.50, followed by the test of the lower boundary of the Cloud of Ichimoku Kinko Hyo near the level of 34.40, from which it is expected to try to fall and develop a bearish trend on the Monero with a target to lower near the level of 27.90.
Monero XMR/USD prediction & analysis on July 20, 2017
Earlier, a weak signal was received for buying of Monero cryptocurrency, due to the crossing of the signal lines at the level of 32.55. 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 39.00, 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 the level of 29.20.
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