BTC/USD

BTC/USD is being traded at $6,566 and continues to move sideways. Over the last trading day, we saw a retest of the support zone, after which the price returned to the price area of $6,5500. This zone is surprisingly the “level of attraction” for the quotes of this coin since the beginning of September. Two news became good news for investors. The first is that the organization FATF, which is developing world standards in the field of combating the laundering of criminal proceeds and the financing of terrorism, is going to develop rules for controlling the circulation of cryptocurrency. The second news was the message that the international payment system Neteller launched the opportunity to instantly buy and sell digital assets. It can be expected that the crypto market will take into account this positive, and in the short term, the main cryptocurrency will be able to grow slightly.

As part of the forecast for October 23, we can expect the continuation of price attempts to go to the area of support of $6,500 – $6,450. It is possible that the decline will not happen from the current levels, but after re-testing the lower boundaries of the resistance zone of $6,630. Unfortunately, buyers could not keep the levels we wrote about yesterday, so it is not necessary to expect an upward movement if only this will be an increase within the flat. According to technical analysis – the price has fixed below the upper limit of the range of $6,650. In the case of a fall below $6,200, a decrease to $5,900 is likely.

Cancellation of the development of the downward movement will be a strong impulse growth and the breakdown of the resistance level of $6,700. In the case of the price fixing above it, growth to $6,800 and then to $7,150 is likely.

ETH/USD

ETH/USD is being traded at $206.11 and continues to be in the process of correction. On this coin, nothing has changed much and its price continues to decline. Despite the fact that now there is a general positive news background for the entire crypto market, it is unlikely to help this coin somehow. The activity of sellers is much higher, therefore, it is likely that the renewal of the minimum will not take long to wait.

As part of the forecast for October 23, we can expect a continuation of the downward movement, to the support level of $202.30. Since, nevertheless, the general market positive news background is present, the price from current positions may once again rise to the upper resistance levels of $210.00 – $212.00 for the retest. But since sellers are now very active and exert strong pressure on quotes, the price may fall to at least $202.30 from current levels. And in the case of a lot of pressure from the bears, then to $197.00.

The abolition of the reduction will be an impulse growth, with the price fixing above the resistance level of $223.00. This will pave the way for the price to update highs in the $239.00 area.

XRP/USD

XRP/USD is being traded at $0.45917 and continues the corrective movement. The coin shows average dynamics and is traded in a general downward market trend. For this reason, the activity of bears is much higher, which forms a disturbing signal – the zone of sellers interest, below the level of $0.46000. If this happens, the downward movement can be deeper and reach the lows of $0.44000. But in general, a positive view on the prospects of this coin is maintained and even in the case of a stronger fall, the price should not go below $0.44000. Such a scenario pushes the growth prospect for some time until Ripple overcomes levels of $0.46800 – $0.47100, which will allow the price to rise again to the mark of $0.47800 and update the recent maximum.

As part of the forecast for October 23, we can expect a continuation of the corrective decline, in order to test the lower boundary of the Ichimoku Kinko Hyo Cloud $0.45130 and, possibly, the level of $0.44750. Since, in general, the prospects for the coin are positive, buyers are currently trying to protect their level of $0.46000. Therefore, the price may first go higher and test the upper limit of the Ichimoku Kinko Hyo Cloud at $0.46800. Upward movement can begin with a rollback and re-test support level of $0.46000.

Cancellation of this option will be the growth on large volumes, in order to update the peak of $0.52500, and in the future, to consolidate above the level of $0.53000. This will open the prospect of further development of the upward movement to $0.55100.

XMR/USD

XMR/USD is being traded at $106.290 and moves sideways. The price is still in the previously formed high-interest area of $106.000 – $107.000. The outcome of the trade in this area will depend on the update of what we will see, highs or lows. The advantage of the downward movement at the moment is indicated by the location of the price itself relative to the Ichimoku Kinko Hyo Cloud and the increased activity of the sellers. Not only bears put pressure on the bulls, but also the general downward trend of the market. Buyers are losing ground, this is evident from the increased sales from the bears.

As part of the forecast for October 23, we can expect the continuation of the downward movement within the range of $108.000 – $105.000. A further decrease can occur both from current levels and after correction of the area of the signal lines of the Ichimoku Kinko Hyo Cloud $107.100 – $107.400. The successful outcome of such testing will be an additional signal in favour of the fact that the quotes will fall below to the support area of $104.000 – $103.000.

Cancellation of the price reduction will be the resumption of growth, in order to break through the resistance zone and go to the level of $114.000. Fixing the price above it will open the way to $117.500.