Monero XMR/USD is trading at 42.10. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of an bullish trend for Monero. The price of XMR/USD is expected to fall to the level of 39.50, from which one should expect an attempt of growth and further development of the bullish trend with the purpose of growth near the level of 49.20.
Monero XMR/USD prediction & analysis on July 24, 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. 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 34.70, 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 47.00.
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