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Altcoins Price Prediction: XRP, ETH, BCH, ADA. Golden Cross, Failed Retrace and More

Price Predictions
Wed, 10/16/2019 - 20:02
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  • While most altcoins look promising, there are some coins that don't look bullish

Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

While most altcoins break the important resistance that we discussed in our latest TRX/BTC price prediction, some of them are still located underneath the Ichimoku cloud. 

BCH/BTC

BCH/BTC Price Chart by TradingView
BCH/BTC Price Chart by TradingView

Bitcoin Cash remains under the cloud and has kept going down since June 2019 . While most alts have already broken the cloud’s bottom resistance, BCH was rebuffed by it and retraces to new lows. The closest support is the Ichimoku’s conversion line which is located above 0.027

Closest resistance levels: 

  • Trend line resistance – located in the 0.03-0.029 zone 
  • Cloud resistance – located in the 0.03 zone 
  • 50 EMA resistance – located in the 0.028 zone 

There is a possibility of a retrace – in that case, the potential growth zone might be at the price of 0.03 BTC per 1 BCH 

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XRP/BTC

XRP/BTC
XRP/BTC chart by TradingView

XRP is one of the strongest looking altcoins that entered in the Ichimoku cloud. But after an 8% gain, we can see that the price struggles to get above 3550, and at this point, can be considered as a “local top”. We are much likely to see a retrace to the next support here which is yet to be determined.

However, do not forget about one of the most bullish indications – the Golden EMA cross that happened on October 9. Even if we see a small retrace, we can safely predict that in long-term perspective, XRP/BTC looks extremely bullish. 

The retrace zone might be at 3200, which is the Ichimoku cloud’s bottom, and at the 3400-3300 zone, which is the closest price to EMAs. Those act as a support at this point. 

ETH/BTC

ETH/BTC
ETH/BTC chart by TradingView

ETH has been steadily going up as the global altcoin trend reversed.  Right now, it looks promising since it has entered the Ichimoku Cloud and is now consolidating on the Conversion line. Also, we can see the 50 EMA support line which has already been tested before. 

If the price goes down from here, 50 EMA will act as a strong support line (which will move over time). A higher high of this trend might be at the 0.0225 value.

ADA/BTC
ADA/BTC chart by TradingView

ADA is the weakest-looking altcoin of our list. On the 4H chart, we can see that price dropped under the 200 EMA support line which is a crucial indicator for the price. On a daily chart, the price got rejected by the cloud’s bottom resistance line and dropped under the 50 EMA support. All those indications point to a bearish trend that is being formed on the ADA/BTC trading pair.

About the author

Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience. Arman has worked with major crypto projects, such as Project Merge and PiVX.

In 2017, he participated in a successful charity ICO as a Social Media Manager and Community Manager. In the same year, he took part in the launch of the Vantaur coin and then transitioned to the Project Merge as a Senior Marketing Coordinator. 

Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.

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Price Predictions
Sat, 03/28/2020 - 18:19
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  • Can Bitcoin (BTC), Ethereum (ETH), and XRP recover fast from yesterday's dump?

Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

As expected, a sharp decline of the cryptocurrency market has occurred. The rates for the majority of prospective coins have gone down, and all of them are now in the red.

Top 10 coins by Coinstats
Top 10 coins by Coinstats

Below are the main features for Bitcoin (BTC), Ethereum (ETH), and XRP:

Name

Ticker

Market Cap

Price 

Volume (24H)

Change (24H)

Bitcoin

BTC

$114,625,532,228

$6,266.60

$34,497,792,526

-6.13%

Ethereum

ETH

$14,204,254,634

$128.80

$11,469,005,003

-5.80%

XRP

XRP

$7,431,913,709

$0.169268

$2,702,595,687

-3.89%

BTC/USD 

Our most recent Bitcoin (BTC) price forecast came true as the growth was not accompanied by the trading volume. Instead, a sharp decline took its place to $6,000.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

Looking at the 4H chart, the main crypto is currently trending sideways despite yesterday's decline. The $6,000 level serves as strong support based on the high buying volume.

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In this case, the rate is unlikely to fix below this area. As a short-term projection, Bitcoin (BTC) is about to trade between the between $6,000-$6,350 range, which is mentioned on the chart.

At press time, Bitcoin was trading at $6,252.

ETH/USD

Ethereum (ETH) has accompanied Bitcoin (BTC) concerning yesterday's decline. The decrease in price for the main altcoin has constituted 5.47%.

ETH/USD chart by TradingView
ETH/USD chart by TradingView

Ethereum (ETH) is also unlikely to face a continued decline. According to the Bollinger Band, the coin is about to break out shortly. However, the liquidity is low on the weekends is low and a sideways trend prevails. To sum it up, Ethereum (ETH) is going to be located between its support line at $128.39 and the resistance level at $141.

At press time, Ethereum was trading at $128.16.

XRP/USD

XRP has shown the smallest price decrease compared to Bitcoin (BTC) and Ethereum (ETH). Its rate has gone down by 3.20% since yesterday.

XRP/USD chart by TradingView
XRP/USD chart by TradingView

Even though the rate of XRP has fallen the least, its trend is more bearish than Bitcoin (BTC) or Ethereum (ETH). Looking at the 4H chart, the lines of the Moving Average Convergence/Divergence (MACD) indicator has just entered into the red, confirming the presence of bears. Furthermore, the selling trading volume remains high. All in all, XRP holders might expect the rate to move near its support zone at $0.16 shortly.

At press time, XRP was trading at $0.1680.

About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and make predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others.

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