Monero prediction & analysis XMR/USD on October 18, 2017


Monero XMR/USD is trading at the level of 93. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of an bullish trend for Monero. A test of the Ichimoku Kinko Hyo signal line area near level 92 is expected, from which we expect a rebound and the continued growth of the cryptocurrency with a target near level 105.

Monero prediction & analysis XMR/USD on October 18, 2017

Monero prediction & analysis XMR/USD on October 18, 2017

An additional signal in favor of the growth of the cryptocurrency will be a test of the support area, as well as a test of the lower boundary of the bullish channel. Earlier, a weak signal was received for buy of Montero cryptocurrency due to the crossing of signal lines at level 87. The cancellation of the variant of the growth of Monero quotations will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below area 88, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations XMR/USD stands with a breakdown of the level of 97.


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