Monero XMR/USD is trading at the level of 32.39. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in 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 decrease near the level of 24.70.
Monero XMR/USD prediction & analysis on July 18, 2017
Earlier, we received a weak signal for sales of the Montero cryptocurrency, due to the crossing of the signal lines at the level of 45.20. 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 for XMR/USD is with the breakdown of the local minimum area at 26.00.
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