Monero XMR/USD is trading at 110. Cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Monero. Waiting for the test of the lower boundary of the Cloud of the indicator near level 115, from which we should expect a rebound and a fall with the target near level 80. An additional signal in favor of the fall of the cryptocurrency will come through the breakdown of the lower boundary of the «Triangle» model.
Monero prediction & analysis XMR/USD on September 12, 2017
Earlier, a signal of moderate strength was obtained for the sale of the Monero cryptocurrency, by crossing the signal lines at level 118. Cancellation of the variant of the Monero quotations drop will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 125, indicating a bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes XMR/USD and continue the bearish trend is with the breakdown of the level of 100.
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