Monero forecast and Analytics XMR/USD for October 17, 2018

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Monero forecast and Analytics XMR/USD for October 17, 2018

Cryptocurrency Monero XMR/USD is trading at 108.83. Cryptocurrency trading above the upper boundary of the Clouds Ichimoku Kinko Hyo, which indicates the presence of a rising trend for Monero. Under the forecast of the course of bitcoin on October 17, 2018, is expected to test the lower boundary of the Clouds Ichimoku Kinko Hyo is close to 105.00 level 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 October 17, 2018

Additional signal in favor of the fall of the cryptocurrency will perform the test of resistance and rebounded from the upper border of the descending channel. Earlier it was obtained a strong signal for purchases of cryptocurrency Monero, due to the intersection of the signal lines at the level of 112.00.

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 103.00. This will point to a change in the rising tendency in favor of a downward 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 descending channel and a close above 112.00.

Thus, Monero forecast and Analytics XMR/USD for October 17, 2018 involves the attempt to develop correction cryptocurrency and test the support level near 105.00, 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 decline and breakdown of 103.00 area that point to continued decline.

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