Monero forecast and Analytics XMR/USD on 11 Oct 2018

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Monero forecast and Analytics XMR/USD on 11 Oct 2018

Cryptocurrency Monero XMR/USD is trading at 112.82. Cryptocurrency trading below the lower border of the Ichimoku Kinko Hyo Cloud, indicating a downward trend for Monero. Under the forecast of the course of bitcoin on 11 November 2018, is expected to test the lower boundary of the Clouds Ichimoku Kinko Hyo is close to the level of 114.00, where we can expect rebound and attempted another cryptocurrency with the target at level of 105.00.

Monero forecast and Analytics XMR/USD on 11 Oct 2018

Additional signal in favor of the fall of the cryptocurrency will perform the test of resistance, and rebound from the upper boundary of the model “Triangle”. Earlier it was obtained a strong signal for sales of the cryptocurrency Monero, due to the intersection of the signal lines at the level of 114.00.

The cancellation option drop in prices of Monero will be a break of the upper border of the Ichimoku Kinko Hyo Cloud with the closing of the quotations above the 118.00 level. This will point to a change in the downward trend in favor of the upward trend and the continued growth of the cryptocurrency. To expect accelerating declines XMR/USD is a breakout of the lower boundary of the model “Triangle” and close below the level of 111.00.

Thus, Monero forecast and Analytics XMR/USD on October 11, 2018 involves the attempt to develop correction cryptocurrency and test the level of resistance around 114.00, where is expected to continue the depreciation of the Monero with a potential target near the level of 105.00, lifting the drop option will deliver strong growth and the breakdown region 118.00 that would indicate continued growth.

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