Monero forecast and Analytics XMR/USD for August 21, 2018

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Monero forecast and Analytics XMR/USD for August 21, 2018

Cryptocurrency Monero XMR/USD is trading at the level of 99.82. Cryptocurrency trading above the upper boundary of the Clouds Ichimoku Kinko Hyo, which indicates the presence of a lateral trend for Monero. Expected to test the upper border of the Ichimoku Kinko Hyo Cloud level around 97.50, where we can expect rebound and attempt to continue growth of the cryptocurrency with a target of 120.00.

Monero forecast and Analytics XMR/USD for August 21, 2018

An additional signal in favour of growth of the cryptocurrency will perform test support, and test the lower boundary of the model “Triangle”. Earlier it was obtained a weak signal for purchase cryptocurrency Monero, due to the intersection of the signal lines at the level of 85.00.

Cancellation option growth Monero will be a breakout of the lower border of the Ichimoku Kinko Hyo Cloud with closing prices below the level 90.00, which indicates the change of the upward trend in favor of descending trend and the continued drop in prices of cryptocurrencies. Wait for confirmation that growth of quotations XMR/USD is a breakout of the upper boundary of the model “Triangle” and close above 102.00.

Thus, Monero forecast and Analytics XMR/USD for August 21, 2018 involves the attempt to develop correction cryptocurrency and test the support level near 97.50, where we can expect continued growth rate of Monero with a potential target near the level of 120.00, the cancellation option growth will be the drop and the breakdown region 90.00.

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