Forecast and analytics – 09 September 2018

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BTC/USD

BTC/USD is trading at $ 6158 and continues to move inside the borders of its correction. The coin is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend in Bitcoin. In favor of the decrease, a resistance area test can also be performed, as well as a bounce from the upper boundary of the descending channel. Earlier, we saw a weak signal for coin sales, at the intersection of signal lines at $ 7050.

BTC/USD Forecast and analytics 09 September 2018
BTC/USD Forecast and analytics 09 September 2018

As part of the forecast for September 9, you can wait for the Ichimoku Kinko Hyo signal line test near the $ 6270 level, from which a bounce is possible and then a further drop in price with a target at $ 5700.
Cancellation of the decline option will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the $ 6800 area, which will mean a change in the downward trend.

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ETH/USD

ETH/USD is trading at $ 197 and continues to move within the limits of the decline. The coin is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend. An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance level, as well as a bounce from the upper boundary of the descending channel.

ETH/USD Forecast and analytics 09 September 2018
ETH/USD Forecast and analytics 09 September 2018

As part of the forecast for September 9, you can wait for an attempt to develop a correction of the cryptocurrency and a test of $ 210, where it is possible to continue falling with a potential target near $ 160.
The cancellation of the fall option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above the $ 255 area, which indicates a change in the downward trend.

XRP/USD

XRP/USD is trading at $ 0.2720 and continues to move within the “Triangle” model. The coin is traded below the lower boundary of the Cloud of Ichimoku Kinko Hyo, indicating a downward trend. An additional signal in favor of lowering XRP/USD will be a test of the resistance area, as well as a test of the upper boundary of the descending channel. Earlier, at the intersection of the signal lines at $ 0.3260, a weak signal for sales was received.

XRP/USD Forecast and analytics 09 September 2018
XRP/USD Forecast and analytics 09 September 2018

As part of the forecast for September 9, you can wait for the Ichimoku Kinko Hyo signal line test near $ 0.2850, where you can expect a bounce and an attempt to continue the fall of XRP/USD with a target near $ 0.2340. Expect to accelerate the fall of price XRP/USD is with the breakdown of the lower limit of the model “Triangle” and closing below $ 0.2580.
The cancellation of the fall variant will be accompanied by a strong growth of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the $ 0.3090 area, which indicates a change in the downward trend in favor of the upward trend.

XMR/USD

XMR/USD is trading at the level of $ 102.05. The coin is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend. Earlier, we already received a weak signal for sales at the crossing of signal lines at the level of $ 125.00. An additional signal in favor of the fall of the cryptocurrency was the breakdown of the support area and the closing below $ 105.00, which indicates a change in the lateral trend in favor of the downward trend and the continued fall in the price of the cryptocurrency.

As part of the forecast for September 9, you can wait for the support level test near $ 96.00, and further fall of the Monero exchange rate with a potential target near $ 88.50.
Cancellation of this option will be followed by a rapid price increase and breakdown of the $ 114.50 area, which will indicate a downward trend in favor of an upward trend.

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