During my years of trading futures on indices, the most complicated moments of the market have been the days when the market was only pending a key economic data.
The price movements in the previous days and the lack thereof in the previous hours, manage to take the operator to a state of significant anxiety. The Crypto market has always been negatively conditioned by regulatory issues and the simple possibility that the authorities grant licenses to one or multiple ETFs on the Bitcoin conditions the market as a whole.
Tonight news broke about an attack on “Zaif” one of Japan’s most important exchanges on September 14. Bitcoin bears took advantage of the moment to set a new relative low after which it returned to previous levels.
Bitcoin Price Prediction
The current price, the first level that the BTC/USD needs to overcome is around $6,400 (EMA50) and it almost immediately touches the next resistance level at $6,486 (SMA100). This moving average has also been the protagonist of the Asian session as the price moved upwards after marking a new relative low. Above this last resistance level, the BTC/USD would find itself with the next resistance level at $6.568 (price congestion resistance) and as a key target, the level of $6.622 (SMA200).
Ethereum Price Prediction
The ETH/USD is currently trading at the $209 price level. Above the current price, the first resistance level is at $215.9 (SMA100). The next resistance level for the Ether is at $224 (price congestion resistance) and as a key target in the current scenario, the third resistance awaits at $250 (SMA200).
Below the current price, the first immediate support is at the price level of$208.50 (EMA50). If you lose support for this exponential average, the next level of support is at the $194 level (price congestion support) after which, if defeated, only $167 (annual minimum) would remain as a very important key support in the annual lows.
Ripple Price Prediction
XRP/USD is currently trading at the price level of $0.325. Above the current price, the first level to exceed the relative high by $0.336, from where it would move up to the next resistance at $0.3454 (price congestion resistance). From this level, and with the key scenario target at $0.46, resistances at $0.368 and $0.414 (price congestion resistances).