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Forecast and analytics – 24 September 2018

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BTC/USD

BTC/USD is trading at $6,688 and is continuing its corrective movement after recent growth. The coin is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend. Further confirmation in favor of further growth is the unwillingness of prices to drop below the signal line of the Ichimoku Kinko Hyo Cloud and a strong support zone that has already demonstrated its effectiveness. Also, the information environment now indirectly contributes to the continuation of growth.

BTC/USD Forecast and analytics 24 September 2018
BTC/USD Forecast and analytics 24 September 2018

As part of the forecast for September 24, you can wait for the continuation of the upward movement, or from current levels, or after a small correction rollback to the upper border of the support zone $6,600 or less. The potential short-term goal is breakdown and consolidation of the nearest resistance zone, above the level of $6,900. The forecast for the mid-term perspective is growth with an exit to the level of $7,300, at which price was oriented before its sharp decline.

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 descending with a potential target below $6,350.

ETH/USD

ETH/USD is trading at $242.41 and continues to move within the correction. The coin is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend. An additional signal in favor of growth will be a demonstration of strength (a strong bounce after testing) of the support zone.

ETH/USD Forecast and analytics 24 September 2018
ETH/USD Forecast and analytics 24 September 2018

As part of the forecast for September 24, you can expect the continuation of the upward movement either from the current levels or after testing the support zone when testing the level of $234.00 and below, with the potential goal of breaking the resistance zone and fixing the price above $260.00.

Abolition of the growth will be a strong fall and breakdown of the support zone. This will indicate a change in the current trend in favor of the descending with a potential target at $203.00.

XRP/USD

XRP/USD is trading at $0.56600 and continues its correction after a rapid growth. Over the past day, the coin has not demonstrated any significant changes, so the previous forecast and expectations remain actual.
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 24 September 2018
XRP/USD Forecast and analytics 24 September 2018

In the framework of the forecast for September 24, one can expect either continuation of the correctional movement to the lower border of the $0.50000 area of support and further development of the upward movement, or continuation of growth already from the current positions, with the aim of fixing the price above the upper level of the resistance zone at $0.70000.

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

XMR/USD

XMR/USD is trading at $121.040 and continues its corrective movement. The coin is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an upward trend, but the price never managed to break through the resistance. Moreover, when the resistance level was reached, Pin Bar was formed on the chart, which was subsequently confirmed by a strong bearish candle. All this demonstrates the strength of sellers and points to the development of a downward trend. But at the moment the trend line is not broken and the likelihood of continuing growth is also preserved.

XMR/USD Forecast and analytics 24 September 2018
XMR/USD Forecast and analytics 24 September 2018

As part of the forecast for September 24, the development of a deep corrective movement remains with priority, with a test of the upper limit of the support zone $118.800 and below, where it is possible to demonstrate strong positions of buyers and further corrective movement up to the resistance zone at $124.50. On the development of the upward movement can be said after overcoming the price of the resistance zone and fixing quotes above the level of $127.500.

The replacement of the current lateral trend in favor of downward development will indicate the breakdown of the support zone with the target at $108,000.

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