Monero XMR/USD is traded at the level of 94. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates that there is an bullish trend in Monero. Expected to test the upper boundary of the Cloud of the indicator near the level 95, from which we expect a rebound and the continued growth of the cryptocurrency with the target near the level of 110.
Monero prediction & analysis XMR/USD on October 2, 2017
An additional signal in favor of continuing the growth of quotations of the cryptocurrency will be a breakdown of the resistance level. Earlier, a weak signal was received for sell of the Monero cryptocurrency, due to the crossing of the signal lines at level 89. The cancellation of the variant of the growth of the Monero quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 87, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations XMR/USD stands with a breakdown of level 105.