Monero XMR/USD is trading at the level of 87. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of an bullish trend for Monero. A test of the signal line area is expected. Ichimoku Kinko Hyo indicator cloud near level 90, from which it is expected to rebound and continue falling of the cryptocurrency with the target near the level of 75. An additional signal in favor of continuing falling of the quotes of the cryptocurrency will be a breakdown of the support level.
Monero prediction & analysis XMR/USD on October 4, 2017
Earlier, we received a weak signal for sell of Monero cryptocurrency, due to the crossing of the signal lines at level 89. The cancellation of the variant of the Monero quotations drop will be the 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 bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations XMR/USD is with a breakdown of level 80.