Forecast and analytics – 26 September 2018

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Forecast and analytics coinatory 26 September 2018
Forecast and analytics coinatory 26 September 2018
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BTC/USD

BTC/USD is trading at $6,400 and continues to move within the limits of the decline. The coin is traded below the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend. Since the growth rate of bitcoin was provoked by the altcoins on a series of positive news, support could not last long. Confirmations of the implementation of the descending scenario should be expected after the struggle of buyers and sellers in the support zone $6,215 – $6,325.

BTC/USD Forecast and analytics 26 September 2018
BTC/USD Forecast and analytics 26 September 2018

As part of the forecast for September 26, we can expect further development of the downward movement in one of two scenarios: either from the current levels, a small upward wave will form to the lower values of the resistance zone of $6,530, and then fall to the level of $ 6,100; or an immediate fall to the lower border of the resistance zone $6,215, then stop and consolidate for several hours (5-7), and after that fall to $6,100.

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Cancellation of the falling in favor of further upward movement within the ascending channel will be a breakdown of the $6560 zone and fixing the price higher than the resistance zone, with the potential goal of updating the local maximum $6,840.

ETH/USD

ETH/USD is trading at $209.35 and continues to decline following bitcoin. The coin is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a lateral trend. Now the price has found support at the lower boundary of the Cloud of Ichimoku Kinko Hyo in the region of $207.00.

ETH/USD Forecast and analytics 26 September 2018
ETH/USD Forecast and analytics 26 September 2018

As part of the forecast for September 26, we can expect a further decline, with a potential target below the support zone, at $185.00. The fall can be expected from the current positions, or after the update of the high at $216.50.

Cancelation of falling in favor of continuing growth, within the rising channel, will be a breakdown of the resistance level of $220.50 with a potential target of $234.60 and above.

XRP/USD

XRP/USD is trading at $0.44608 and continues to decline as part of the correction. The coin is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend. The correctional decline has already annihilated 50% of the growth and is likely to continue. The subsided news background will contribute to this.

XRP/USD Forecast and analytics 26 September 2018
XRP/USD Forecast and analytics 26 September 2018

As part of the forecast for September 26, we can expect the correction to continue the decline, to the support zone of $0.35000- $0.37000, which is 70% of the price increase. Continuation of the decline will follow either from current marks, or after a small price consolidation, and growth to the area of $0.45000- $0.47000.

Cancellation of the further corrective decline will come from the price area of $0.47000, in order to update the local maximums of the price of $0.62800 and further consolidation above the resistance level of $0.70000.

XMR/USD

XMR/USD is trading at $112.270 and continues to decline as part of a broad ascending channel. The coin is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a lateral trend. The decline is likely to continue for some time, deep into the support area, to the lower bounds of the ascending channel. As a result of testing this area, it will be seen whether it is worth waiting for an upward movement to the upper border of the channel or not.

XMR/USD Forecast and analytics 26 September 2018
XMR/USD Forecast and analytics 26 September 2018

As part of the forecast for September 26, we can expect a further decline to the bottom of the rising channel and the support zone, at around $108.00. The decline will either follow immediately or after a slight consolidation at $112.80, where at the moment the price has found a level of support. In case of successful testing of the $108.00 area, we can expect the development of an upward movement with the aim at the lower border of the resistance area $120.500.

The cancellation of the growth will be a breakdown of the border of the ascending channel and the fixing of the price below $108.00. Such unsuccessful testing of the support zone will indicate the inability of buyers to support further growth within the established channel, and the next target will be the level of $100,500.

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