Monero forecast and Analytics XMR/USD on September 1, 2018

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Monero forecast and Analytics XMR/USD on September 1, 2018

Cryptocurrency Monero XMR/USD is trading at the level of 116.97. Cryptocurrency trading above the upper boundary of the Clouds Ichimoku Kinko Hyo, which indicates the presence of a rising trend for Monero. Expected test region signal lines Ichimoku Kinko Hyo close to the 110.00 level where we can expect rebound and attempt to continue growth of the cryptocurrency with a target level of 130.00.

Monero forecast and Analytics XMR/USD on September 1, 2018

An additional signal in favour of growth of the cryptocurrency will perform test support area. Was previously received signal average strength for shopping cryptocurrency Monero, due to the intersection of the signal lines at the level of 94.00.

Cancellation option growth Monero will be a breakout of the lower border of the Ichimoku Kinko Hyo Cloud with the closing of the quotations below the level of 95.00, which indicates the change of the upward trend in favor of descending trend and the continued drop in prices of cryptocurrencies. Expect acceleration of growth of quotations XMR/USD is a breakout of the upper boundary of the ascending channel and close above 125.00.

Thus, Monero forecast and Analytics XMR/USD on 31 August 2018 involves the attempt to develop correction cryptocurrency and test the support level near 110.00, where it is necessary to expect continuation of growth rate Monero with a potential target near the level of 130.00, with a cancellation option growth will be the drop and the breakdown region 95.00, which indicates continued decline.

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