Tuesday, December 10, 2019
Home Cryptocurrency Price Analysis and Forecasts Forecast and analytics – 02 October 2018

Forecast and analytics – 02 October 2018

-

BTC/USD

BTC/USD is trading at $6,601 and continues to move within the rising channel. The coin is traded above the Ichimoku Kinko Hyo Cloud, which indicates an upward trend. Over the past trading day, the price could not go far from the lower border of the channel and continues to stand in the region of $6,560. The fact that the bulls are in the market can be judged by the long tails of candles, but some activity from them has not yet been seen. It is necessary to wait for the final resolution of the situation in the zone of interests at $6,560.

BTC/USD Forecast and analytics 02 October 2018
BTC/USD Forecast and analytics 02 October 2018

As part of the forecast for October 2, the development of further upward movement within the channel remains a priority. The potential goal of growth is also the renewal of the local maximum of $6,840. It is likely that we will not see the immediate growth, but after the price tries to go down, to the lower boundary of the Ichimoku Kinko Hyo Cloud, and the upward movement after that.

Cancellation of the growth will be the price fall below $6,560 and the consolidation of quotations below the lower boundary of the Cloud Ichimoku Kinko Hyo, with a potential target at $6,330.

ETH/USD

ETH/USD is trading at $229.14 and continues the upward movement within the channel. The coin is traded above the Ichimoku Kinko Hyo Cloud, which indicates an upward trend. The large bullish volumes that we saw the day before could not push the quotes up and the price continues to drop to the lower border of the rising channel. Re-testing of the rather important level of $220.50, can probably help to identify the dominating side.

ETH/USD Forecast and analytics 02 October 2018
ETH/USD Forecast and analytics 02 October 2018

As part of the forecast for October 2, the priority remains on the expectation of further price growth in the uprising channel, with the aim of updating the recent highs at $239.00. If this happens, we can expect further growth with a target of $250.00. We can expect the upward movement either from the current positions or after a small rollback down and testing the lower boundary of the ascending channel.

The abolition of this will be in a drop and a breakdown of $220.50. In this case, it will be possible to expect the descending movement with a target on the lower border of the support zone at $202.30.

XRP/USD

XRP/USD is trading at $0.55859 and continues lateral movement within the established flat. The coin is traded above the Ichimoku Kinko Hyo Cloud, which indicates an upward trend. After reaching the upper limit of the flat, the price rushed to its lower limit, as expected. The end of this wave and the turn can be slightly higher than the marked support zone, namely at the level of the lower boundary of the Ichimoku Kinko Hyo Cloud at $0.51500.

XRP/USD Forecast and analytics 02 October 2018
XRP/USD Forecast and analytics 02 October 2018

As part of the forecast for October 2, we can expect the continuation of the lateral movement within the framework of the established flat and a price movement to the lower border of the $0.50000- $0.46500 corridor, and from there the further development of lateral trend to the upper border of the flat at $0.62800.

The cancellation of the development of the outset will be the growth and breakdown of the level of $0.62800. In this case, we can expect the price to rise to $0.70000.

XMR/USD

XMR/USD is trading at $115.270 and continues lateral movement within the rising channel. The price of the coin is below the Ichimoku Kinko Hyo Cloud border, which indicates a downward trend. Unfortunately, for the past trading day, buyers did not show themselves. The price continues to consolidate between the level of $112.800 and the upper boundary of the Ichimoku Kinko Hyo Cloud. In such a narrow range, it is not entirely clear who dominates the market and you need to wait for the price to come out of it in one direction or another.

XMR/USD Forecast and analytics 02 October 2018
XMR/USD Forecast and analytics 02 October 2018

As part of the forecast for October 2, we can expect a second test of the lower limit of the upward daily channel, in the region of $112.800. So far, the development of the continuation of the upward movement in priority, so after the retest, we can expect a price increase with an intermediate goal to update the local highs at $122.000, and then gain a foothold above $127.500.

The cancellation of the growth will be the breakdown of the price of the lower border of the daily ascending channel and its consolidation below the level of $108.000. In this case, we should expect a further decline in quotations in order to update the local minimum at $104.200.

Get The Latest Cryptocurrency News First - Join Us In Telegram

get connected

13,379FansLike
574FollowersFollow
1,982FollowersFollow
8,724FollowersFollow
2,082FollowersFollow

Recent Posts

Most Popular