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Home Cryptocurrency Price Analysis and Forecasts Forecast and analytics – 13 September 2018

Forecast and analytics – 13 September 2018

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BTC/USD

BTC/USD is trading at $6,250 and continues to move within the Triangle model. The coin is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a continuing downward trend. In favor of the further decline in quotations, BTC/USD will test the resistance area, as well as a bounce from the upper limit of the Triangle model. As a confirmation of the fall, we can wait for the breakdown of the lower bound of the Triangle model and the closing of the trade below $6,150.

BTC/USD Forecast and analytics 13 September 2018_
BTC/USD Forecast and analytics 13 September 2018

As part of the forecast for September 13, we can wait for the continuation of the correction and test of the lower boundary of the Cloud of Ichimoku Kinko Hyo near the level of $6,320, where the fall of quotations with the target at the level of $5,750 is possible.
In case of the cancellation of the decline, there will be a strong growth and breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the $6,780 area, which will indicate a change in the downward trend.

ETH/USD

ETH/USD is trading at $170 and continues the fall. The coin is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a continuation of the 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. Expect to accelerate the fall of quotations can be with the breakdown of the support area and closing below $160.

ETH/USD Forecast and analytics 13 September 2018_
ETH/USD Forecast and analytics 13 September 2018

As part of the forecast for September 13, it is possible to suggest an attempt to develop correction and test of the Ichimoku Kinko Hyo signal line area near the level of $180, which is likely to be followed by a bounce and a further fall with a target below $135.
The cancellation of the fall will result in a strong growth and breakdown of the $235 area, which will indicate a shift in the trend, from the downward to an upward.

XRP/USD

XRP/USD is trading at $0.2661 and continues to move within the fall. The coin is traded below the lower boundary of the Cloud of Ichimoku Kinko Hyo, indicating a downward trend. As an additional signal in favor of lowering XRP/USD, we can consider testing of the resistance region and the upper boundary of the downward channel, and expect the fall acceleration after the breakdown of the support and closing area below the level of $0.2450.

XRP/USD Forecast and analytics 13 September 2018_
XRP/USD Forecast and analytics 13 September 2018

As part of the forecast for September 13, we can wait for an attempt to develop a correction and a $0.2750 level test, from which the probability of a bounce and a further drop with a potential target near $0.2350 is high.
In case of the cancellation of the decline, will be a strong growth and breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the $0.2950 area, which indicates a change in the downward trend in favor of the upward trend.

XMR/USD

XMR/USD is trading at $101.54. 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 the fall of the cryptocurrency will be a test of the resistance area and a bounce, as well as testing followed by a bounce of the upper boundary of the ascending channel. Expect the acceleration of the fall of XMR / USD after the breakdown of the support area and the closing below the level of $95.00.

XMR/USD Forecast and analytics 13 September 2018_
XMR/USD Forecast and analytics 13 September 2018

As part of the forecast for September 12, you can wait for an attempt to develop correction and test the area of Ichimoku Kinko Hyo signal lines near the level of $105.00, and then further fall of the rate with a potential target near $85.00.
The cancellation of the fall will result in the strong growth and breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud will perform with the closing of quotes above the level of $125.00, which will indicate a change in the downward trend.

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