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Forecast and analytics – 08 September 2018

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BTC/USD

BTC/USD is trading at $ 6430 and continues to move within the correction. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend for Bitcoin.

BTC/USD Forecast and analytics 08 September 2018
BTC/USD Forecast and analytics 08 September 2018

As part of the forecast for September 8, we can expect for an attempt to correct the area of Ichimoku Kinko Hyo signal lines near the level of $ 6650, from which we should expect a bounce and an attempt to continue the drop of Bitcoin with a target price at $ 5850. The cancellation of this option will be a strong growth and breakdown of the $ 6950 area, which will indicate on the resumption of the upward trend and the continuation of growth.

ETH/USD

ETH/USD is trading at the level of $ 217 and continues to move within the limits of the decline. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend. An additional signal in favor of the fall of the coin will be a test of the resistance level, as well as a bounce from the upper boundary of the descending channel. Earlier it was possible to notice the presence of a weak signal to sell, due to the intersection of signal lines at level $ 285.

ETH/USD Forecast and analytics 08 September 2018
ETH/USD Forecast and analytics 08 September 2018

As part of the forecast for September 8, we can expect for an attempt to develop a correction of the cryptocurrency and the test of $ 235 level, from where it is possible to continue falling with a potential target near the level of $ 175. Canceling this option will be a strong growth and breakdown of the region $ 265, which indicates the continued growth of the digital currency.

XRP/USD

XRP/USD is trading at $ 0.2915 and continues to move within the upward correction. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend in Ripple. An additional signal in favor of reducing the coin’s price will be a test of the resistance region, as well as a test of the upper boundary of the downward channel.

XRP/USD Forecast and analytics 08 September 2018
XRP/USD Forecast and analytics 08 September 2018

As part of the forecast for September 8, we can expect for the Ichimoku Kinko Hyo signal line test near the $ 0.3050 level, from which we should expect a bounce and an attempt to continue the fall of the XRP/USD with the target near the level of $ 0.2470. The cancellation of the fall option will cause a strong growth and breakdown of the area of $ 0.3320, in this case, it is necessary to expect a continued growth.

XMR/USD

XMR/USD is trading at $ 113.62. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a lateral trend on the Monero.

XMR/USD Forecast and analytics 08 September 2018
XMR/USD Forecast and analytics 08 September 2018

As part of the forecast for September 8, we can wait for an attempt to develop a correction of the cryptocurrency and a test of the support level near $ 110.00, and then continue the growth of the Monero exchange rate with a potential target near the level of $ 130.00. Canceling this option, the price will drop and the breakdown of the area will be $ 105.00, which will indicate the continuation of the decline.

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