Monero XMR/USD is trading at the level of 86. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Monero. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 88, from which one should expect a rebound and the continued fall of the cryptocurrency with a target near the level of 80.
Monero prediction & analysis XMR/USD on October 13, 2017
An additional signal in favor of the drop of the cryptocurrency will come from the upper channel test. Earlier, a strong signal was received for sell of Monero cryptocurrency, due to the crossing of 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 area 91, which will indicate a bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations XMR/USD stands with a breakdown of level 84.