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Home Cryptocurrency Price Analysis and Forecasts Forecast and analytics – 17 September 2018

Forecast and analytics – 17 September 2018

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BTC/USD

BTC/USD is trading at $6,482 and continues to grow. The coin is traded within the Ichimoku Kinko Hyo Cloud, which indicates a sideways trend. In favor of the growth of quotations, a test of the support area, as well as a bounce from the upper boundary of the ascending channel will also perform. To expect confirmation of the growth of quotations is possible at the breakdown of the upper boundary of the descending channel and closing above the level of $6,650.

BTC/USD Forecast and analytics 17 September 2018
BTC/USD Forecast and analytics 17 September 2018

As part of the forecast for September 17, we can expect the possible correction of the cryptocurrency and a test of the support level near $6,390, where we can expect Bitcoin to continue growing with a potential target near $6,750.
Cancellation of the growth variant of quotations will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of $6,250, which will indicate the change of the sideways trend to the descending and continuing the decline.

ETH/USD

ETH/USD is trading at $220 and continues to move within the upward correction. The coin is traded within the Ichimoku Kinko Hyo Cloud, which indicates a sideways trend. An additional signal favoring the growth of the cryptocurrency will be a breakdown of the resistance level, as well as a bounce from the formation of the bull “pennant”.

ETH/USD Forecast and analytics 17 September 2018
ETH/USD Forecast and analytics 17 September 2018

As part of the forecast for September 17, we can expect the possible correction and breakdown of the bull “pennant” formation near the level of $225, from which we should expect a bounce and an attempt to grow with a target below $240.
Cancellation of the Ethereum growth variant will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and a close below the $195 area, which will indicate the change of the sideways trend to the descending and continuing the decline.

XRP/USD

XRP/USD is trading at $0.2789 and continues to move within the correction. The coin is traded within the Ichimoku Kinko Hyo Cloud, which indicates a sideways trend. 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.
As part of the forecast for September 17, we can expect a test of the resistance area near the $0.2850 level, where we can expect for a bounce and the further fall of the XRP/USD with a potential target near $0.2450.
The cancellation of the fall option will be a strong growth and breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a breakdown of $ 0.2960, indicating a change in the downward trend.

XMR/USD

XMR/USD is trading at $117.19. The coin is traded within the Ichimoku Kinko Hyo Cloud, which indicates a sideways trend. An additional signal favoring the fall of the cryptocurrency will be a test of the resistance level, as well as the formation of the reversal “Head And Shoulders” pattern.

XMR/USD Forecast and analytics 17 September 2018
XMR/USD Forecast and analytics 17 September 2018

As part of the forecast for September 17, we can expect for an attempt of a correction and a test of the resistance level near $118.00, where we can expect the continuation of the fall of Monero with a potential target near the level of $100.00.
The cancellation of the fall case will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the level of $125.00, which will indicate the change of the sideways trend to the ascending and continuing ascending.

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