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Forecast and analytics – 22 September 2018

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BTC/USD

BTC/USD is trading at $6,721 and continues to move within the growth channel. The coin is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend. Additional confirmation of the further growth of the cryptocurrency will be a small downward correction and a test of the nearest support levels of $6,650, $6,600, $6,550.

BTC/USD Forecast and analytics 22 September 2018
BTC/USD Forecast and analytics 22 September 2018

As part of the forecast for September 22, we can wait for the continuation of the upward movement with a slight pullback for the test of the upper limit of the $6,600 support zone, with a potential target at the lower border of the resistance area of $6,900.

The cancellation of the growth will be a breakdown of the support zone and the lower boundary of the Ichimoku Kinko Hyo Cloud. This will indicate a change in the current trend in favor of a downside with a potential target below $6,350.

ETH/USD

ETH/USD is trading at $229.38 and continues to move within the growth channel. The coin is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend. An additional signal in favor of the growth of the cryptocurrency will be a small downward correction and a test of the upper limit of the support zone $215.00, from which we can wait for the continuation of the upward movement.

ETH/USD Forecast and analytics 22 September 2018
ETH/USD Forecast and analytics 22 September 2018

As part of the forecast for September 22, we can expect the continuation of an upward movement with a slight correction. On the formation of the trend can be said after the breakdown of the price of the local resistance level at around $234.00, with a potential target on the lower border of the resistance area of $260.00.

Cancellation of the growth will be a break through the support zone and the lower boundary of the Cloud Ichimoku Kinko Hyo. This will indicate a change in the current trend in favor of the downside with a potential target below $192.00.

XRP/USD

XRP/USD is trading at $0.57061 and continues to move within the rapid growth. The coin is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend. As an additional signal in favor of further growth, the support zone test will be $0.53035- $0.50000, formed by 50.00% Fibonacci level and global support level.

XRP/USD Forecast and analytics 22 September 2018
XRP/USD Forecast and analytics 22 September 2018

As part of the forecast for September 22, we can expect a correction to the lower border of the support area of $0.50000 and further development of the upward movement with the aim of fixing the price above the upper level of the resistance zone of $0.70000.

Cancellation of the growth will come down with the breakdown of the support zone, in this case, it is necessary to expect the development of a downward movement with a potential target of $0.42500.

XMR/USD

XMR / USD is trading at $ 119.450. The coin is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend, but still within the wide flat of $122,000- $109,500. An additional signal in favor of the possible development of the upward trend will be a bounce from the local support level of $113.125 and growth to the resistance zone with an attempt to gain a foothold within it.

XMR/USD Forecast and analytics 22 September 2018
XMR/USD Forecast and analytics 22 September 2018

As part of the forecast for September 22, the priority remains for the development of the lateral trend, with the test of the upper limit of the support zone $109.500 and below, where further correction up to the resistance zone is possible. On the development of the upward movement can be said after overcoming the price of the resistance zone and fixing quotations at $128.500 and above.

The replacement of the current lateral trend in favor of downward development will indicate the breakdown of the support zone with a target of $100.500.

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