BTC/USD

BTC/USD is being traded at $6,379 and continues to move in the borders of the correction. During weekends the price has corrected well up to the level of $6,400. It is hard to say whether the quotes will rise higher to the resistance zone or the level of $6,400 will become a correction high. Negative information continues to put pressure on the main coin of the crypto market, and for good growth, at least some information channels are needed. For example, the decision of the American regulator (SEC) on the application to launch ETF. But this is absent, which does not add optimism to the market, especially against the background of the IMF report, which spoke about the problems of cybersecurity and that digital currencies could become a new cause of the vulnerability of the global financial system.

As part of the forecast for October 15, we can expect the development of a downward movement. The higher the correctional growth goes, the stronger, a fall may occur later. Therefore, the probability of testing the resistance zone still remains. But also, the continuation of the decline can be expected from the current levels, since this is a little less than 50% of the fall. The nearest support level, where the price can stay for some time and get adjusted is $6,145, after which the target will be the level of fundamental support $6,000.

Cancellation of the downward movement will be a strong growth and the breakdown of the resistance area, with the price fixing above $6,500. A potential goal, in this case, will be an increase to $6,840, which will further open the way for the price $7,100.

ETH/USD

ETH/USD is being traded at $202.14 and continues the correction after the recent fall. Over the weekend, the price slowly rose to the previous corrective maximum of $204.00. Etherium continues to be an outsider among other cryptocurrencies. Not only the general Bitcoin trend puts pressure on the coin, but also its personal failure after the failure of the launch of Constantinople in the test network. Perhaps all of these negative factors are pushing market participants to increase their positions for sale, in anticipation of falling to the support level of $137.00.

As part of the forecast for October 15, we can expect the development of a downward movement and re-tests of the support level of $190.00. Since the maximum of the current corrective movement has not yet been updated, it is likely that the price will go to the lower boundary of the resistance area of $206.00 before the decline. After the breakdown of the level of $190.00 and fixing the price below, we can expect a quick drop with the target at the level of $180.00.

Cancellation of the further descend will be a good impulse for the price increase and the break through the resistance zone, with the potential goal of $226.00 and gain of a foothold above it.

XRP/USD

XRP/USD is being traded at $0.42500 and is in the correction after the decline. During weekends the price was inside a very narrow corridor of $0.42000 – $0.43000, from which we can see the exit today. Compared to other cryptocurrencies, the correction of this coin is already quite good. Perhaps the coin was supported by the news that its coin was added to the largest stock exchange in Latin America. But it is too early to wait for growth from current values. Most likely, we will see a continuation of the decline to the $0.35000 – $0.33000 area, where the reverse of the downward trend is more likely.

As part of the forecast for October 15, we can expect a continuation of the corrective movement with a subsequent decline down to the support level of $0.35700. The levels of the two nearest highs were not retested, so before going down, it is possible to see the quotes a little higher, around the $0.45000 area. If the level of $0.43000 remains sufficient for a set of positions for sale, then the fall may occur from the current values.

Cancellation of this will be a sharp increase and the breakdown of the resistance zone, with the initial goal is breaking through the level of $0.46000. If prices can be fixed above it, then we can wait for the further development of the upward movement to $0.55100.

XMR/USD

XMR/USD is being traded at $104.330 and continues the correction after the fall. The weekend passed in a calm correctional growth. The upper correction highs of $106.050 and $102.190 were not reached, so there is every chance to watch the continuation of the current correction for some time. The intermediate support level is at $103.300. Its breakthrough will be an additional signal for further downward movement to strong support areas of $96.000 and $87.000, purchases from which will be more attractive to market participants.

As part of the forecast for October 15, we can expect the continuation of the corrective movement with the subsequent fall down to the lower level of the daily flat of $96.390. There is a possibility that correctional growth has not yet completed, so we can expect a slight increase in quotations in the area of the resistance zone of $109.000 – $107.000. But the continuation of the development of the downward movement can occur from the current positions, if, at the end of the weekend, the sellers begin active operations.

Cancellation of the fall will be a strong upward bullish momentum with a potential target of $116.000. Fixing the price above this level will open the further path to $122.000.