Cryptocurrency prices analysis and forecast – 30 October 2018
BTC/USD
BTC/USD is being traded at $6,350 and continues to decline. So the expected drop in quotes finally happened, the price fell to the first support of $6,350, to those values from which there was an unreasonable jump up due to Tether. No matter how happy the bulls were, the global bearish trend reduced all their efforts to zero. The next major support for the price worth waiting is located at the levels of $6,250 - $6,220, and after that - at the levels of $6,145 - $6,100.
BTC7USD Forecast and analytics 30 October 2018
As part of the forecast for October 30, we can expect the price to continue to decline to $6,350 levels and, possibly, to $6,220, if the movement maintains a pulsed character. It is also impossible to exclude the possibility of a correction to the level of $6,400, but it is likely that the update of yesterday's minimum won't take long to wait. If the price fixes below $6,200, a further decline is likely to be to the region of $6,000 - $5,900 with the preliminary stop at $6,145.
Cancellation of the development of the downward movement will be a pulsed growth and the breakdown of the resistance level of $6,500. In the case of consolidation above, growth is likely to go to $6,700, then - to $7,150.
ETH/USD
ETH/USD is being traded at $197.22 and continues to decline. The price of this coin almost completely repeats the movement of the bitcoin price with the only difference that bitcoin does not fall with unprecedented ease through important levels. Such an easy failure below the level of $200.00 suggests that there is absolutely no one to buy a coin and the levels that were previously important for buyers are completely indifferent to them. In such a mood, we can see quotes even lower than the intended goals of the sellers themselves.
ETH7USD Forecast and analytics 30 October 2018
As part of the forecast for October 30, we can expect the price to continue to decline to the level of $194.00. Below this mark is a zone of low interest and during its breakdown, the level at which we can expect support will be $188.13. It is possible that the price will first be adjusted after yesterday's fall to the level of $199.00 and go down only after that.
The abolition of the descent will be a pulse of growth, with a goal of $206.00. Fixing the price above it will allow us to expect further growth to $212.00.
XRP/USD
XRP/USD is being traded at $0.44449 and continues to decline. Like the previous coins, the current price also went down and stopped at $0.44700. But the distinctive feature of Ripple is the positive news background. So on Friday, Ripple's financial statements for the third quarter were published, according to which sales of XRP tokens more than doubled compared to the second quarter and amounted to $163,33 million. A high percentage of sales accounted for institutional investors. The financial performance of the first quarter is still the highest. Ripple's positive reporting may encourage crypto traders to pay attention to XRP, which in turn may help the price to regain its positions.
XRP7USD Forecast and analytics 30 October 2018
As part of the forecast for October 30, we can expect a price reduction to yesterday's minimum of $0.43500 and it may be updated. This coin is subject to a greater degree of volatility than the previous two, therefore, a correction to at least the level of $0.44900 and possibly to higher levels of the resistance zone of $0.45000 is not excluded.
An alternative scenario is the impulse growth in the opposite direction, with a goal of $0.47000.
XMR/USD
XMR/USD is being traded at $101.790 and continues to descend. This coin is the only one which price has not broken through the current support zone. But this is not due to the fact that its fall was not as rapid as for the others, but to the fact that Monero began to fall much earlier and already broke through all the intermediate support levels, and now reached the lowest ones that were formed by impulse movements from 11 to October 15th. This zone is key and it is unlikely to break through on the first attempt. The rest is still to be reached, but Monero has not yet updated the minimum at $100.000.
XMR7USD Forecast and analytics 30 October 2018
As part of the forecast for October 30, we can expect a continuation of the fall, with a goal at $100.000 and an update of the minimum from October 12. Do not forget about the likely correction, the levels of which are located at elevations of $103.00 and above, near the lower resistance levels of $104.00.
Cancellation of this option will be an active growth to the level of $108.000. If the price manages to consolidate on it, then we can expect a further upward movement to $114.000.
Posted from my blog with SteemPress : https://coinatory.com/2018/10/30/cryptocurrency-prices-analysis-and-forecast-30-october-2018/