Monero XMR/USD is trading at the level of 92. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Monero. A test for the lower boundary of the Cloud of the indicator near the level 95 is expected, from which we expect a rebound and the continued fall of the cryptocurrency with a target near level 75.
Monero prediction & analysis XMR/USD on October 3, 2017
An additional signal in favor of continuing the growth of the cryptocurrency quotations will be a breakdown of the support level. Earlier, we received a weak signal for sell Monero cryptocurrency, due to the crossing of signal lines at level 89. Cancellation of the variant of growth of quotations Monero will become a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 100, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the fall in quotations XMR/USD is with a breakdown level of 90.