BTC/USD
BTC/USD is trading at $6,521 and continues the lateral movement. The coin is trading below the Ichimoku Kinko Hyo Cloud, which indicates a downward trend. After numerous attempts, the sellers still managed to win a small victory and the price went below the level of $6,560. But for the time being, the downward movement cannot be talked about, because the lows are not updated and, as in the case of the recent growth, the increased volumes did not lead to a further price drop. An additional signal in favor of trying to get lower into the support zone will be the successful testing of the pierced level.
BTC/USD Forecast and analytics 04 October 2018
As part of the forecast for October 4, we can expect a deeper price movement down to the lower boundary of the support area of $6,330, where we probably see a bounce and an attempt to develop an upward movement. The initial goal, in this case, will be to update the highs at $6,659, and then rise to $6,840.
Cancellation of this will be unsuccessful testing of the support area and, as a result, its breakdown. In this case, we can expect a fall to the level of $6,145 and an update of the lows.
ETH/USD
ETH/USD is trading at $217.11 and continues the lateral movement. The coin is trading below the Ichimoku Kinko Hyo Cloud, which indicates a downward trend. Sellers have increased pressure on buyers, but this was not enough. The price continues to stand at $220.50. The pressure of the sellers may increase and in this case we will be able to see the price move down into the support zone and to its lower borders.
ETH/USD Forecast and analytics 04 October 2018
As part of the forecast for October 4, the priority is to wait for the development of the upward movement, in order to update the nearest highs at $238.50. If this happens, we can wait for further growth with a goal of $255.00. The buyers may seize the initiative after the price moves down to the lower limit of the support zone of $202.30, or from current levels.
Cancellation of this growth will be faling of prices and stopping below $202.30. In this case, it will be possible to wait for the downward movement and further updates of the minimum, with the goal at the lower border of the support zone $167.00.
XRP/USD
XRP/USD is trading at $0.52569 and continues the lateral movement as part of a steady flat. The coin is being traded inside the Ichimoku Kinko Hyo Cloud, which indicates the presence of a lateral trend. In general, the situation remains unchanged, the price did not reach the lower boundary of the designated support zone and stopped at the level of the lower boundary of the Ichimoku Kinko Hyo Cloud $0.55000. But we can still see the testing of the support zone itself, before the quotes go to the upper border of the flat.
XRP/USD Forecast and analytics 04 October 2018
As part of the forecast for October 4, we can expect the continuation of the lateral movement within the framework of the settled flat and the development of the next rising wave to the upper limits of the $0.62800- $0.59650 corridor. The beginning of the movement may occur from current levels, or after the price goes a little lower, to the support zone.
Cancellation of the development of an upward corrective wave will be a fall to the support level of $0.43650. In this case, we will need to closely monitor the price behavior at this level, since updating this minimum and fixing the price below will speak about the development of a downward movement, and a bounce will only mean an expansion of the flat zone.
XMR/USD
XMR/USD is trading at $113.500 and continues the lateral movement in the ascending channel. The price of the coin is below the boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a downward trend. We have not seen any changes in the past trading day. Attempt by sellers to break through the daily trend line was not successful and the price continues to stand at $112.800.
XMR/USD Forecast and analytics 04 October 2018
As part of the forecast for October 4, we can expect repeated attempts by sellers to get below the lower limit of the ascending daily channel at $112.800. As long as this border is not pierced at the appropriate volumes, the development of the continuation of the upward movement is in priority, therefore, after the retest of the support zone, we can expect an increase in price with an intermediate goal to update local maximum at $122.000, and then consolidate above $127.500.
Cancellation of the growth will be a breakdown of the price of the lower boundary of the upward daily channel and fixing it below the minimum of $107.800. In this case, we should expect further reduction of quotations in order to update local minimum at the level of $104.200.
Posted from my blog with SteemPress : https://coinatory.com/2018/10/04/forecast-and-analytics-04-october-2018/