Bitcoin did not follow our yesterday scenario, and the quotes rose above $9,200 again. The cryptocurrency continues its upward movement; the attempt to form the Head and Shoulders reversal pattern was canceled. At the moment, attention is focused on the Triangle model. Quotes struck the upper limit of the figure and one can talk about the continuation of the...
On the hourly graph, the ’’digital silver’’ is located under the bullish tendencies, even after a prolonged bull run. In this case, traders might expect the price to be at the nearest resistance level $140 in the short-term scenario. The RSI indicator confirms it, as its lines are moving north, to the oversold area. Moreover, its looks like trading volumes are not...
Over the last week, the medium-term trend of XRP has not changed much: quotes are still within the wide side corridor between the support of $0.3575 and the resistance of $0.479. hrough the resistance line of the primary growth channel, indicating the potential for further development of the short-term trend. Local support is at the fractal at $0.4310. The next...
Ethereum is moving within the ascending channel amid medium volumes. Our recent ETH prediction is about to justify itself, as the rate has almost reached $270. On the hourly time frame, the price twice tried to break through the level of support, but buyers kept the onslaught. At the moment, a bullish pin bar pattern has formed, which indicates the inability of...
The main cryptocurrency is still in the uptrend, as long as, its quotes are located above the psychological $9,000 mark. Our earlier Bitcoin forecast came true, as its price rocketed above $9,000 where it keeps located now. Analyzing the future rate of the world’s top cryptocurrency, BTC is likely to face a minor correction before conquering $10,000. In this...
Today Ripple is the biggest gainer out of the top 3 coins; its rate has gone up by more than 3%. The rise might have been caused by the confirmation that Ripple partnered with Money Gram. On the hourly chart, Ripple is looking bullish confirmed by the increasing trading volume. Moreover, the technical indicators also confirm the price rise in a short-term...
Ethereum has followed our recent scenario, as the $270 mark was reached before June 20. ETH quotes are trying to follow Bitcoin, but in this case, the dynamics is less positive and the movement occurs in a sideways trend. After a bull run since the beginning of May, Ethereum has been located in the yellow corridor $228-$288 for 4 days. Currently, the bearish...
Bitcoin has almost not changed since yesterday; its quotes have increased by 1% over the last 24 hours. Regarding our earlier BTC price prediction, the leading cryptocurrency have appeared to be more bullish than predicted. On the 1-hour chart, Bitcoin is still overbought, even though trading volumes remain at their maximum levels. However, the coin has shown an...
Against the background of the market growth at weekends, Ripple rose the most compared to other top coins. The quotes of XRP are going up even now when most of the assets are facing a correction. Ripple keeps showing positive price dynamics; however, that cannot last all the time. On the hourly graph, the coin is trading near its local maxima, and a rollback is...
Our earlier Ethereum price prediction justified itself, as the $270 mark was reached until June 20. Besides the general market rise, the price of the leading altcoin might have been caused due to the announcement by the platform developers to launch the Ethereum 2.0 phase on January 2020. The update is primarily noteworthy by activating Proof of Stake. On the...
Bitcoin broke the $9,195 mark according to our recent scenario, and one reaching $10,000 is just the matter of time. On the weekly chart, one can see that overcoming the mark of $ 9,300 canceled a bearish reversal, the prospect of which became more likely after the formation of the Doji candle. Thus, the nearest resistance level is $9,442 (38.2% Fibonacci level),...
Ripple is also moving according to our scenario as the bulls could not stay above $0.40 for a long time. Currently, the asset has lost around 1% from its yesterday price. On the 1-hour chart, Ripple has been trading sideways since June 10, and the coin is not going to leave this corridor at once. This is backed by the RSI pattern, which is located in the neutral...
Our Ethereum price prediction came true, as and the rate rolled back to $255 mark. Even though the rate has been dropped by 1%, the trading volume remains at the present levels, suggesting that traders and investors see potential in the leading altcoin. On the 4-hour chart, Ethereum remains bullish until the $250 level is not broken. The leading altcoin has not...
Slowly but surely Bitcoin is moving according to our yesterday prediction, and the quotes are already located above $8,250. On the 4-hour timeframe it can be seen that the price got out at the same time from the downward channel and side channel. Thus, two bullish signals appeared at once and, as a result, the price managed to consolidate above $8,100. The next...
Ripple is trying to keep up with Bitcoin and Ethereum; however, it is still fighting to fix above the $0.40 level. Besides the technical factors, there are also fundamental reasons that can potentially push the price up. Regarding the recent news background, Ripple opened an office in Brazil and intends to continue expansion to Latin American countries. On the...
Our Ethereum price prediction has justified itself even earlier than predicted, as the quotes are already trading above $250. Even though the leading altcoin could reach the $250 resistance mark and even surpass it, the asset is looking overbought in the short-term scenario. The RSI indicator is moving downwards meaning that buyers have fixed their profits....
The cryptocurrency continues to move within the ascending channel. Moving averages are directed upwards and the distance between them increases, which indicates the presence of a bullish trend and the strength of this trend. Bitcoin has neglected technical indicators showing bearish tendencies in our recent scenario and struck above $8,000. It is important to...
If earlier Litecoin was fighting against EOS for the 5th place in the global cryptocurrency ranking; today it is the 4th most popular coin, having left behind Bitcoin Cash. Earlier we predicted that LTC is supposed to be corrected after a sharp price rise; however, the ’’digital silver’’ has denied such a scenario and set a new ATH of 2019, having reached almost...