As part of the forecast for October 2, the development of further upward movement within the channel remains a priority. The potential goal of growth is also the renewal of the local maximum of $6,840. It is likely that we will not see the immediate growth, but after the price tries to go down, to the lower boundary of the Ichimoku Kinko Hyo Cloud, and the upward movement after that.
Cancellation of the growth will be the price fall below $6,560 and the consolidation of quotations below the lower boundary of the Cloud Ichimoku Kinko Hyo, with a potential target at $6,330.
As part of the forecast for October 2, the priority remains on the expectation of further price growth in the uprising channel, with the aim of updating the recent highs at $239.00. If this happens, we can expect further growth with a target of $250.00. We can expect the upward movement either from the current positions or after a small rollback down and testing the lower boundary of the ascending channel.
The abolition of this will be in a drop and a breakdown of $220.50. In this case, it will be possible to expect the descending movement with a target on the lower border of the support zone at $202.30.
As part of the forecast for October 2, we can expect the continuation of the lateral movement within the framework of the established flat and a price movement to the lower border of the $0.50000- $0.46500 corridor, and from there the further development of lateral trend to the upper border of the flat at $0.62800.
The cancellation of the development of the outset will be the growth and breakdown of the level of $0.62800. In this case, we can expect the price to rise to $0.70000.
As part of the forecast for October 2, we can expect a second test of the lower limit of the upward daily channel, in the region of $112.800. So far, the development of the continuation of the upward movement in priority, so after the retest, we can expect a price increase with an intermediate goal to update the local highs at $122.000, and then gain a foothold above $127.500.
The cancellation of the growth will be the breakdown of the price of the lower border of the daily ascending channel and its consolidation below the level of $108.000. In this case, we should expect a further decline in quotations in order to update the local minimum at $104.200.
