Forecast and analytics – 27 September 2018

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Forecast and analytics coinatory 27 September 2018
Forecast and analytics coinatory 27 September 2018
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BTC/USD

BTC/USD is trading at $6,499 and continues lateral movement within the rising channel. The coin is traded inside the Cloud of Ichimoku Kinko Hyo, indicating a side trend. As expected, the price rolled back up after testing the upper limits of the support zone $6,215 – $6,325. But the movement was stopped by the resistance level of $6,560, where it seems that other long positions of buyers were closed.

BTC/USD Forecast and analytics 27 September 2018
BTC/USD Forecast and analytics 27 September 2018

As part of the forecast for September 27, the development of the falling and breakdown of the lower boundary of the rising channel remains a priority. Sellers and buyers can compete for a while in the current resistance zone, or immediately we see a fall to the upper border of the resistance zone of $6,325, then stop and consolidate for several hours (5-7), and after that fall by $6,100.

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Cancelation of the falling in favor of further upward movement within the ascending channel will be a breakdown of the $6,560 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 $219.18 and continues to move in the side, within the rising channel. The coin is traded below the Ichimoku Kinko Hyo Cloud, indicating a downward trend. The price could not overcome the resistance level of $220.00 and continues to stand in this area. This suggests that the buyers do not have the power, this is confirmed by the volume. Since the lower boundary of the channel still remains relevant, the scenario of continuing growth within the channel should not be abandoned, but sales are now a priority.

ETH/USD Forecast and analytics 27 September 2018
ETH/USD Forecast and analytics 27 September 2018

As part of the forecast for September 27, we can expect the development of a fall scenario, with a short-term goal to update the local minimum at $203.00, where a fall slowdown and a slight correction are possible, and then further price movement down to the level of $185.00. Falls can be expected from the current positions, or after updating the highs at $226.50. It is also worth noting that the scenario of the fall can develop slowly and the price may stop in the resistance area of $220.00 for some time.

The abolition of the fall in favor of continuing growth, within the rising channel, will be a breakdown of the resistance level of $220.50 and the movement of the price above it, with a potential target of $234.60 and above.

XRP/USD

XRP/USD is trading at $0.53399 and continues to move within the established flat. The coin is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a lateral trend. Yesterday’s upward movement was probably formed by people who believed and waited for the fifth upward wave, but there were a lot of them. Unfortunately, the falling volumes speak more about falling than about the prospect of growth.

XRP/USD Forecast and analytics 27 September 2018
XRP/USD Forecast and analytics 27 September 2018

As part of the forecast for September 27, we can expect the continuation of the lateral movement within the broad range of $0.62800- $0.42700 with the prospect of further decline, after the end of the set. In the mid-term, we can expect declines oriented to the area of $0.35000- $0.37000.

Cancellation of the further corrective decrease will be the growth and update of local maximums of $0.62800 with a potential target of $0.70000.

XMR/USD

XMR/USD is trading at $114.950 and is making attempts to grow 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. Since the breakdown from the lower border of the channel was not very intensive and the price did not get fixed above the upper boundary of the Ichimoku Kinko Hyo Cloud, the likelihood of falling into the support area is still preserved, and the testing of the lower limits of the rising channel can be repeated. Following the results of the price behavior after the release of the Ichimoku Kinko Hyo Cloud, it will be seen whether to expect an upward movement towards the upper border of the channel or not.

XMR/USD Forecast and analytics 27 September 2018
XMR/USD Forecast and analytics 27 September 2018

As part of the forecast for September 27, we can expect to test the lower level of Ichimoku Kinko Hyo Cloud and the lower border of the rising channel at $112.800. If this area is successfully tested, we can expect the development of an upward movement with a short-term target near the lower boundary of the resistance area at $120.500 and higher to the resistance level at $127.500.

The cancellation of the growth will be a breakdown of the border of the rising channel and fixation of the price below the border of the support zone $108.00. In this case, we should expect further decline in quotes to update local minimum at $104.200.

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