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Forecast and analytics – 25 September 2018

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BTC/USD

BTC/USD is trading at $6,640 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 confirmation in favor of further growth is the strong support zone after the next positive testing. So the upward trend remains at the forefront. The inactivity is due to the presence at the moment of more attractive from the point of view of speculation, cryptocurrencies and holidays on the Asian market.

BTC/USD Forecast and analytics 25 September 2018
BTC/USD Forecast and analytics 25 September 2018

As part of the forecast for September 25, you can wait for further development of the upward movement, or from current levels, or after another corrective rollback into the depth of the support zone. The potential short-term goal is to update the local maximum of $6,840. The medium-term forecast remains the same – growth with an exit to the level of $7,300, at which the price was oriented before its sharp decline.

The cancellation of the growth will be a breakdown of the support zone, an update of the local minimum of $6,502. This will indicate a change in the current trend in favor of the descending with a short-term potential price below $6,350.

ETH/USD

ETH/USD is trading at $236.97 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 continued growth is the moderately strong support zone, which has already been tested earlier in its upper-level at $234.00 area.

ETH/USD Forecast and analytics 25 September 2018
ETH/USD Forecast and analytics 25 September 2018

As part of the forecast for September 25, we can expect the correction attempt for further continuation of the upward movement, with the potential goal of breaking the resistance zone and fixing the price above the previous high of $256.00. Correction movement can continue to stand on the upper border of the support zone $234.00 or go down to the border of the rising channel, where the probability of obtaining a new impulse for growth is higher.

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 downside with a potential target at $203.00.

XRP/USD

XRP/USD is trading at $0.52831 and continues its corrective movement. 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 continued growth is a successful test of the support zone in the region of the Fibonacci 50th level, where the price at this time continues to stand.

XRP/USD Forecast and analytics 25 September 2018
XRP/USD Forecast and analytics 25 September 2018

As part of the forecast for September 25, we can expect the continuation of the corrective movement to the lower border of the support area of $0.50000 and the renewal of the local minimum of $0.49211, which is likely to further develop the upward movement, in order to update the local maximums of the price of $0.62800 and further consolidation above the resistance level of $0.70000.

Cancellation of the growth will be lowering the price and breakdown of the support zone, in this case, it is necessary to expect the development of a deeper correction down with a potential target of $0.42500.

XMR/USD

XMR/USD is trading at $118.580 and continues to decline as part of a broad ascending channel. The coin is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend. An additional signal confirming the decline will be a small increase to the lower border of the resistance zone $120.500 and the subsequent retreat from it.

XMR/USD Forecast and analytics 25 September 2018
XMR/USD Forecast and analytics 25 September 2018

As part of the forecast for September 25, we can expect a continuation of the decline to the lower border of the rising channel, or from the current levels, or after testing the lower boundaries of the resistance zone. A global target area of $112.800 will be a potential target.

The abolition of the descending option will be overcoming the price of the resistance zone and fixing quotes above the level of $127.500.

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