Monero XMR/USD is trading at the level of 87. Cryptocurrency is trading below the lower boundary of the Cloud of Ichimoku Kinko Hyo, which indicates the presence of a bearish trend for Monero. A test of the signal line area is expected. Ichimoku Kinko Hyo indicator cloud near level 90, where we expect a rebound and the continued fall of the cryptocurrency with a target close to level 75.
Monero prediction & analysis XMR/USD on October 5, 2017
Earlier we received a weak signal for sell of the Monero cryptocurrency, by crossing the signal lines at level 89. Cancellation the fall variant 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 100, which indicates the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations XMR/USD is worth a breakdown level of 85.