FxProGlobal

- ZCASH broke key resistance level 174.20 - Likely to rise to resistance levels 200.00 and 220.00 ZCASH cryptocurrency recently broke above the key resistance level 174.20 (which stopped the previous minor impulse wave i at the start of this month). The breakout of the resistance level 174.20 follows the earlier upward reversal from the support level 120.00 coinciding with the 38.2% Fibonacci correction of the upward impulse from August. Given the clear daily uptrend, ZCASH cryptocurrency can be expected to rise to the next resistance levels 200.00 and 220.00 (target price for the completion of the active impulse wave (C)).

Trump Coin reversed from resistance zone - Likely to fall to support level 4000.00 Trump Coin recently reversed down from the resistance zone located between the round resistance level 8.00 (former strong support from August) and the two multi-month resistance trendlines from July and May. The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Bearish Engulfing. Given the clear daily downtrend, Trump Coin can be expected to fall to the next round support level 7.00 (which stopped earlier impulse wave i in September).

- Ethereum reversed from resistance zone - Likely to fall to support level 4000.00 Ethereum cryptocurrency recently reversed from the resistance zone located between the key resistance level 4750.00 and the round resistance level 5000.00 (which stopped sharp impulse wave (1) in August). The resistance level 4750.00 was strengthened by the upper daily Bollinger Band. Given the strength of the nearby resistance zone, Ethereum cryptocurrency can be expected to fall to the next round support level 4000.00 (target price for the completion of the active wave 2).

- Gold broke round resistance level 4000.00 - Likely to rise to resistance level 4100.00 Gold recently broke the resistance area between the round resistance level 4000.00 and the resistance trendline of the sharp daily up channel from August. The breakout of this resistance area accelerated the active short-term impulse wave 5 of the intermediate impulse wave (3) from May. Given the overriding daily uptrend, Gold can be expected to rise to the next resistance level 4100.00 (target for the completion of the active impulse wave).

- Ethereum broke daily down channel - Likely to rise to resistance levels 4755.00 and 5000.00 Ethereum cryptocurrency recently broke the resistance trendline of the daily down channel from the end of August (which encloses the previous intermediate ABC correction (2)). The breakout of this down channel accelerated the active intermediate impulse wave (3) – which started earlier from the round support level 4000.00. Given the clear daily uptrend, Ethereum cryptocurrency can be expected to rise to the next resistance level 4755.00 (top of the earlier wave B) – the breakout of which will open the way for further gains toward 5000.00.

- Tron rising inside impulse wave (3) - Likely to rise to resistance level 0.3650 Tron cryptocurrency recently broke the resistance trendline of the narrow daily down channel from the middle of September (which encloses the previous ABC wave (2)). The breakout of this down channel continues the active medium-term impulse wave (3) – which is a part of the long-term upward impulse wave 3 from September. Given the clear daily uptrend and the strongly bullish sentiment across the cryptocurrency markets seen today, Tron can be expected to rise to the next resistance level 0.3650 (former double top from August).

- BNB broke resistance area - Likely to rise to resistance level 1200.00 BNB cryptocurrency recently broke the resistance area between the resistance level 1077.00 (top of the previous impulse iii) and the resistance trendline of the daily up channel from June. The breakout of the resistance area accelerated the active impulse wave 3 of the intermediate impulse wave (c) – which today broke the recent up channel from the start of September. Given the clear daily uptrend, BNB cryptocurrency can be expected to rise to the next resistance level 1200.00.

- Toncoin reversed from support zone - Likely to rise to resistance level 3.000 Toncoin cryptocurrency recently reversed up with the daily Hammer from the support area between the multi-month support level 2.6000 (former multi-month low from June) and the lower daily Bollinger Band. The support level 2.600 was strengthened by the intersecting lower support trendline of the downward sloping channel from August. Given the strength of the support level 2.6000, Toncoin cryptocurrency can be expected to rise to the next round resistance level 3.000 (former support from July).

- BitcoinCash reversed from support zone - Likely to rise to resistance level 0.936 BitcoinCash cryptocurrency recently reversed up from the strong support zone between the pivotal support level 530.00 (which has been reversing the price from the start of August) and the lower daily Bollinger Band. The support zone was further strengthened by the 38,2% Fibonacci correction of the earlier sharp upward impulse wave from June. Given the strong daily uptrend, BitcoinCash cryptocurrency can be expected to rise in the active impulse wave 3 to next resistance level .00 (which stopped earlier waves (1) and 1).

- Cardano reversed from support zone - Likely to rise to resistance level 0.936 Cardano cryptocurrency recently reversed up from the support zone between the strong support level 0.7630 (which has been reversing the price from the start of August) and the lower daily Bollinger Band. The support level 0.7630 was further strengthened by the 50% Fibonacci correction of the sharp upward ABC correction (B) from the end of June. Given the strength of the support level 0.7630, Cardano cryptocurrency can be expected to rise to the next resistance level 0.936 (top of the earlier waves 2 and ii).