Forecast and analytics – 21 September 2018

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Forecast and analytics coinatory 21 September 2018
Forecast and analytics coinatory 21 September 2018
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BTC/USD

BTC/USD is trading at $6,375 and continues to move within the correction. Since yesterday, no significant changes have occurred and the coin continues to be traded within the Ichimoku Kinko Hyo Cloud, which indicates the continuation of the lateral trend with the potential of decline.

BTC/USD Forecast and analytics 21 September 2018
BTC/USD Forecast and analytics 21 September 2018

As part of the forecast for September 21, we can expect further price movement within the established wide flat $6,500- $6,200. We should expect any directed movement of the price only after it is out of range. The development of further decline is at a breakdown at the price of the lower border of the support zone $6,100 and consolidation of quotes above it. The potential target for this scenario will be at $6,000.

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The cancellation of the fall will be a breakdown of the upper limit of the resistance area $6,600, which will indicate the development of the upward movement with a target at $6,800.

ETH/USD

ETH/USD is trading at $208.86 and continues to move within the lateral movement. Over the past trading day, the coin did not show any significant movement and continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend.

ETH/USD Forecast and analytics 21 September 2018
ETH/USD Forecast and analytics 21 September 2018

As part of the forecast for September 21, we can expect continued price movement within the established flat $196.00- $224.00. The development of the upward movement can be expected after the breakdown at the price of the upper limit of the resistance zone $235.00 and the consolidation of quotes above it. In this case, the potential target will be the next resistance level of $260.00

Cancellation of the growth will be breaking through the lower limit of the support area $185.00 and fixing the price below it. This will indicate the continued decline in the exchange rate of the digital currency with a view to $167.00

XRP/USD

XRP/USD is trading at $0.4636 and continues to move in line with growth. The price of the coin has risen to a seven-week high and there is every reason to believe that in the near future it will not fall below $0.3500.

XRP/USD Forecast and analytics 21 September 2018
XRP/USD Forecast and analytics 21 September 2018

Within the forecast for September 21, we can expect the development of correction within the expected support and resistance zones of $0.5000- $0.4000. Testing the support area can lead to a new upward impulse. In this case, the next “strong” resistance level on the path of the coin’s growth will be $0.5600, which will become the nearest potential target.

Cancellation of the growth will be a reduction of the price and the breakdown of the support area with fixing the price below $0.3500, in this case, it is necessary to expect the development of a downward movement.

XMR/USD

XMR/USD is trading at $112.87. 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 previously broken upcoming channel boundary.

XMR/USD Forecast and analytics 21 September 2018
XMR/USD Forecast and analytics 21 September 2018

As part of the forecast for September 21, we can wait for the continuation of the correction and the test of the lower limit of the resistance area $115.00, from which a bounce and an attempt to continue falling with a target at the upper limit of the support area of $104.00 are likely.

The cancellation of the variant of falling quotations will be a breakdown of the upper limit of the resistance zone $119.00, which will indicate a change in the lateral trend in favor of an upside with a target at $122.50

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