BTC/USD
BTC/USD is trading at $6,300 and is trying to start a correction after a rapid decline on Monday. The coin is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a return of the downward trend. A resistance area test will also perform in favor of lowering quotations, as well as a bounce from the upper boundary of the descending channel. Earlier, a signal of medium strength for sales was received, due to the intersection of signal lines at $6,420.
As part of the forecast for September 18, we can wait for the attempt of the price correction and test of the lower limit of the resistance area, near the $6,350 mark, where it is likely that the quotes will continue to decline with a potential target near $6,050. Expect the possible acceleration of the fall in quotations with a rapid breakdown of the support area and fixing the price below $6,100.
Cancellation of the drop will be a breakdown of the upper boundary of Ichimoku Kinko Hyo Cloud with the closing of quotes above the $6,500 area, which will indicate a change in the downward trend.
ETH/USD
ETH/USD is trading at $204.27 and continues to move within the limits of the decline. The coin is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a lateral trend. An additional signal in favor of the drop will be a test of the resistance level, as well as a bounce from the upper boundary of the descending channel. Previously, we received a weak signal for purchase, due to the intersection of the signal lines at $185.00.
As part of the forecast for September 18, we can expect a test of the upper boundary of the Ichimoku Kinko Hyo Cloud near the level of $210.00, from which we should expect a bounce and attempt to continue falling with a target below $185.70
The cancellation of the fall case will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above the $235.00 area, which indicates a change in the lateral trend in favor of the ascending trend.
XRP/USD
XRP/USD is trading at $0.2710 and continues to move within the decline limits. The coin is traded within the Ichimoku Kinko Hyo Cloud, which indicates a lateral trend. A resistance level test will perform as an additional signal in favor of the price drop, as well as a bounce from the lower boundary of the Triangle model. Earlier, we received a weak signal for purchase, due to the intersection of signal lines at $0.2670.
As part of the forecast for September 18, we can wait for the test of the upper limit of the resistance area near the $0.2750 mark, from which we should expect a bounce and an attempt to continue the fall of the XRP/USD pair with the target near the level of $0.2550. Expect acceleration of the fall of quotations after the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closing below the level of $0.2600.
The cancellation of the fall will be a strong growth and breaking through the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the $0.2850 area, indicating a change in the lateral trend in favor of the ascending trend.
XMR/USD
XMR/USD is trading at the level of $112.62. The coin is traded within the Ichimoku Kinko Hyo Cloud, which indicates a lateral trend with a drop potential. An additional signal in favor of the drop will be a test of the resistance area, as well as a bounce from the upper boundary of the descending channel. Earlier, a signal of medium strength was obtained for sales of the Monero, by crossing the signal lines at $115.00
As part of the forecast for September 18, you can wait for the Ichimoku Kinko Hyo Cloud’s upper boundary test near $113.00, where a bounce is likely and the attempt to continue falling with a target at $97.
Cancellation of falling will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations above the level of $120.00, which will indicate a change in the lateral trend in favor of the ascending trend.
