Forecast and analytics – 28 September 2018

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Forecast and analytics coinatory 28 September 2018
Forecast and analytics coinatory 28 September 2018
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BTC/USD

BTC/USD is trading at $6,700 and moving within the rising channel. The coin is traded above the Ichimoku Kinko Hyo Cloud, which indicates an upward trend. Having completed its consolidation on the lower border of the ascending channel, the coin continued its growth, and with the successful development of this movement, it is possible to wait for quotations at the level of $7,000.

BTC/USD Forecast and analytics 28 September 2018
BTC/USD Forecast and analytics 28 September 2018

As part of the forecast for September 28, we can expect further development of the upward movement within the channel, with the potential to update the local maximum of $6,840. It is likely that the growth will follow after a small rollback and we can see a test of $6,560.

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Cancellation of the further upward movement will be the falling of the price down, again under the level of $6,560, with a potential target at the lower border of the support zone of $6,330.

ETH/USD

ETH/USD is trading at $229.80 and continues the upward movement within the channel. The coin is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a lateral trend. The price reached the previously mentioned target level of $234.60, but could not consolidate above it. An additional signal in favor of the further development of the upward movement will be the successful testing of the breached resistance level $220.00

ETH/USD Forecast and analytics 28 September 2018
ETH/USD Forecast and analytics 28 September 2018

As part of the forecast for September 28, we can expect an attempt to develop a scenario of further growth, with an intermediate goal to gain a foothold above the resistance level of $234.60. If this happens, we can wait for further growth and update of local highs at $251.00.

The cancellation of this be the fall and breakdown of the lower boundary of the rising channel. In this case, it will be possible to talk about the resumption of a downward trend with a target at the lower border of the support zone $200.00

XRP/USD

XRP/USD is trading at $0.54440 and continues to move within the established flat. The price for the previous day has not significantly changed its positions, so the previous forecast is still relevant. 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 28 September 2018
XRP/USD Forecast and analytics 28 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 lateral. In the mid-term, we can expect declines with the aim 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 $119.760 and is making attempts to grow 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. After re-testing the lower boundary of the ascending channel, the coin grew to the lower boundaries of the resistance zone and could not yet gain a foothold above it. The previously noted local goal is achieved, but strong resistance can stop growth once again and the price will go to the side, but in the middle of the rising channel already.

XMR/USD Forecast and analytics 28 September 2018
XMR/USD Forecast and analytics 28 September 2018

As part of the forecast for September 28, we can expect an attempt to break through the resistance zone in order to update the local highs at the level of $127.500. The attempt of growth can be expected either after testing the lower Ichimoku Kinko Hyo Cloud at $114.500 or, in the case of the determined intentions of the buyers, from the current price point.

The cancellation of the growth will be the return of the price to the lower border of the rising channel and the breakdown of the level of $112.80. In this case, we should expect a further decline in quotations in order to update the local minimum at $104.200.

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