📈 Price Predictions Vaido Veek

Bitcoin, Cardano, Ripple Weekly Scenarios: Price Forecast, Oct. 16, 2018

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Bitcoin, Cardano, Ripple weekly scenarios
Bitcoin, Cardano, Ripple Weekly Scenarios: Price Forecast, Oct. 16, 2018
Contents

*** Please note the analysis below is not investment advice. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of U.Today. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Bitcoin weekly scenarios

Weekly chart

Bitcoin has made a breakout from the major down-trendline which is a pretty important sign for the cryptocurrency. Yesterday, it made very big moves at exchanges where crypto-fiat trading is provided. That happened due to the USDT crash, but currently, things have settled down and we may do a technical analysis for Bitcoin and some altcoins.

On the weekly frame, trading is above the major down-trendline, and the highest high peak was reached. The highest high got confirmed on the one-hour time frame where it made a quick close above the previous level.

Daily chart

Yesterday’s candle close was above some important levels: above the round number $6,500, above the curve support and above the major down-trendline. One and the most significant level was unbeatable at $6,767 but the most important sign is that the candle closed above the major down-trendline. It will show that technically the power is there and buyers manage to hold the price above the trendline.

Speaking of the further action, the first blue line above the current price is the key level. That is a possible scenario; however, power is needed to acquire this level.

Then we could see a movement to the $7,000 and to $7,400 because currently, there are not so much heavy resistances to stop us. The road is definitely not as fast and smooth as it was yesterday. Step-by-step, resistance after resistance.

Four-hour chart

Yesterday we got pretty quick throwback which is not a good sign, but luckily, today we have seen positive actions from important price levels. The price fell down to the super-strong crossing area around $6,700. The major down-trendline, the curve support and the minor trendline pulled from Sept. 22 have met at this point.

The price reacted quickly, and after the close, it formed a bullish “Hammer”, a little consolidation and currently, we fight again with the strong resistance (the blue line at $6,767). If this move upwards is a long-lasting one, then it would be the key point. The retest area (crossing area) was that important because, after the breakout, the price almost always makes a retest, and the climb may continue after that, so as it does now.

In the night, there was some awaiting what is going to happen next. Altcoins were slightly on the red side, and BTC was ready to make a little move. After some raise, Ripple was first to take an action and started to climb higher pretty quickly. Now almost all the altcoins are on the green side to support this breakout from the strong resistance area.

Let’s talk about Bitcoin possible scenarios.

Bullish scenario:

Firstly, the retest, which ended with the “Hammer” pattern, has to hold us, and secondly, we have to take down the strong area at $6,767. This is the first guideline to the higher prices because lately, this level has played a significant role. It has been unbeatable resistance point multiple times and if it finally breaks, we might see a nice move upwards to the next round number $7,000 and from there to the $7,400 higher high point.

Bearish scenarios:

1. A candle closes below the curve support.

2. A candle closes below the brown short-term trendline.

3. A candle closes below the major down-trendline.

Those are the most important supports below the current price, and if the price reaches below the aforementioned levels, then it would be a bad sign. Those criteria make together a strong crossing area, and crossing areas are always the key levels. At least, a four-hour candle closed around $6,550 gives us a break below from the crossing area and leaves only the round number $6,500 which has to hold the ‘fall train’ from falling any further.

Cardano weekly scenarios

Weekly chart

Let’s start from the weekly time frame (the image below). This week Cardano has found a support from the round number at $0.07. This level also worked as a nice support in September because after the rejection from the round number, ADA got a strong push upwards, showing 35 percent growth.

Around this $0.07, there is also a Fibonacci golden ratio of 62 percent which indicates that currently, the bounce occurred from the perfect area. Yesterday, it got a solid bounce upwards and found a resistance from another round number at $0.08 and from August low point which works now as a resistance.

Daily chart

A daily time frame (the image above) shows that the rejection downwards came from the August low and from the short-term down-trendline crossing area which makes this area pretty hard to beat. Currently, Cardano consolidates between the two round numbers and waits for further Bitcoin general actions. The platform (support bounce) is pretty good to make another leg upwards and to attempt to break above the short-term down-trendline one more time.

Four-hour chart

Now let’s dig into the four-hour chart (the image above) to clarify some confirmation areas to predict further movements. In the bigger picture, it shows that we are between the two short-term trendlines which together make a chart pattern called “Triangle”.

Bullish scenario:

On the image, there is a chart pattern called “Double bottom”. The double bottom has formed on the round number area at $0.07, which means that we have bounced upwards two times from the same area. Currently, it has made a retest at the pattern breakout area and the textbook says: “Buy the breakout when you have seen the retest.”

At the moment we have a retest, and this bullish pattern is an indication that our platform is good to go higher IF the market allows it.

To get more confirmations, first of all, we have to break above the round number $0.08 and above the 200 EMA. Those two are our main obstacles before approaching the short-term down-trendline (the triangle) which is also the key to the higher prices. If we got a breakout from the triangle, then we are out of the short-term downtrend and ready to fight with the higher levels resistances at $0.091 and the big round number at $0.1.

Bearish scenario:

If the market and Cardano start to show some weaknesses, then we drop back into the $0.07 area. There are some great supports for us: the round number and the short-term up-trendline (the triangle bottom line). Those two make a crossing area, and if we see a close below the round number and below the trendline, then it would be a bad sign for Cardano. That will mean that momentum is gone and we have broken below the triangle. That will be definitely an ‘alert’ sign. A close below the mentioned levels will guide us to the 2018 low point at $0.06.

Ripple weekly scenarios

Weekly chart

Lately, Ripple has shown incredible growth compared to other altcoins and currently, it makes a throwback (movement downwards) from its peak on Sept. 21. Last week it found support from the major down-trendline, which is pulled from Feb. 17, and worked as in a textbook: the strong candle made a breakout, and last week we made a retest and it bounced upwards pretty nicely. We predicted this scenario in one of our earlier posts mentioning that we might see a bounce upwards from the round number at $0.04. The massive amount of the bounce happened yesterday when XRP made a 25%+ growth just in minutes and currently, it has found a resistance from the $0.5, but we have lots of supports below the current price which will make this coin a little bit more stable.

Daily chart

On the daily chart, we could see that we trade above the 50 and 100 EMA’s, but it is the 200 EMA that works as a resistance. It matches almost exactly with the round number $0.5 which also works as a resistance, and together they make a pretty strong price level. Currently, the price fights with the old support levels which now becomes resistance. Yesterday candle closed below the red box, and it shows that this level works pretty well, so this is the first resistance that we have to take down if we want to see higher prices; a daily candle closed above the box will confirm that breakout. The box price range is around $0.47.

Four-hour chart

Yesterday we got a push upwards and the big bounce was technically from the pretty good area: from the Fibonacci golden ratio of 62 percent and from the round number $0.04. The bounce guides us to higher prices, and now let’s consider possible scenarios at the current level.

Bullish scenario:

We have made our first steps towards higher prices, the last four-hour candle has closed above the earlier mentioned red box which previously was the support. Positive signs are also that the price is above the EMA’s which will support this move upwards pretty strongly. The red box matches exactly with the March low point and currently, the price makes a retest. If the next four-hour candle closes above the box, then it will confirm that the retest was successful and the coin is ready to go higher, but once again, only if the market allows this.

Next resistance is not far from the current price — it is the round number $0.5 which has worked previously as a resistance. If you see at least a four-hour candle closes above the round number, then it would be a confirmation to go to $0.6. The road to the $0.6 is not hard because there are not so many significant resistances before that round number. So, firstly a nice retest candle guides us to the $0.5 and if you see at least a four-hour candle close above $0.5, then it should guide us to the $0.6

Bearish scenario:

Between $0.4 and $0.5 we have multiple important levels, and currently, they all work as support levels — March low, April low, June and July low and the round number $0.4. This makes us a little bit more secure as we know we have so much supports under the current price, but let’s name some of the bearish confirmation areas:

1. A candle close below the red area.

2. A candle close below the EMA’s.

3. A candle close below the gray support area and below the Fibonacci 62 percent.

Those levels are steps to the short-term counter trendline. If the trendline level breaks, then we can assume that the round number $0.4 doesn’t hold us anymore and we probably could go and test the lower levels.

If this scenario occurs, then we might go and retest again the major down-trendline but currently, a close below the gray and Fibonacci 62 percent area will be definitely bad signs.

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Binance Coin Six-Month Price Forecast – One Major Catalyst

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Binance Coin (BNB) is the brainchild of one of the biggest crypto exchanges in the world; Binance
Binance Coin Six-Month Price Forecast – One Major Catalyst

 

Binance Coin (BNB) is the brainchild of one of the biggest crypto exchanges in the world; Binance. It runs natively on the Ethereum blockchain under the ERC20 protocol, has a total supply of 200 million and is the 10th cryptocurrency by Coinmarketcap. The token was initially launched in July 2017 and has a solid following.

Binance has a major long-term catalyst for its coin. The company plans to use 20% of their quarterly profits to buyback and then burn 50% of the entire supply of BNB. This means that eventually only 100 million BNB will exist which creates scarcity and possible price increase.

The latest coin burn occurred on January 16 when the Binance team destroyed $9.4 million worth of BNB tokens. Since then, Binance Coin enjoyed very bullish price action, which took it above $11.0

BNB/USD Technical Analysis – The Big Picture

In late 2018, Binance announced they are preparing to launch a Decentralized Exchange (DEX) and on January 20, 2019, said DEX entered public testnet phase. The DEX is powered by Binance Chain, which is a blockchain developed by - you guessed it – Binance. BNB, which is currently an ERC 20 token will eventually be migrated to the new blockchain and will become its native asset.

This could spell massive upswings for BNB in the long run, but could turn into adversity if the DEX fails to live up to expectations. One thing is certain: shortly after the announcement, Binance Coin started to enjoy positive sentiment and since then the token has risen from $6.20 to a high of $11.67, currently trading at $10.35.

BNB/USD chart by Tradingview

 

From a Weekly chart perspective, the token is not in a clear trend but it has been tracing lower highs and lower lows since it hit a recent high. The climb that started at $4.30 shows strong bullish pressure and could develop into long term bullish price action once the coin retraces to support. The Relative Strength is moving north, without being overbought, which supports a bullish scenario for the next months. For long-term bullish activity to happen resistance at $11.80 - $12.00 must be broken decisively.

On a Daily chart we can better see the importance of the resistance level at $11.80. It has been touched multiple times from above and below and more often than not, price was rejected. Most recently, we can see that rising price hit resistance at this level again and is now retracing lower.

Binance Coin

 

Considering all the factors involved, Binance Coin could climb into $18 area over the next six months but for this to happen Binance’s DEX must perform well. Immediate retracements should find support at $9.0, but a break below would not invalidate the long term bullish scenario as long as the trend line is intact and the DEX project is still viable.

Daily Chart Support: $9.0 and 100 days EMA (red line)
Weekly Chart Support: bullish trend line and $4.30
Daily Chart Resistance: $11.80 and $15.0
Weekly Chart Resistance: $11.80, $15.0 and $18.20
Most likely scenario: continuation of bullish movement, break of $11.80 and move into $15.0 where a deep retracement may occur; Longer-term a touch of $18 over a few months

Alternate scenario: breakdown below the bullish trend line

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Ethereum Price Analysis from Twitter: From $145 to $200 and Higher? What’s the Chance of Ethereum Breaking Out?

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Ethereum price predictions from Twitter: Can an ETH price of $145 be the sign of an uptrend?
Ethereum Price Analysis from Twitter: From $145 to $200 and Higher? What’s the Chance of Ethereum Breaking Out?

Ethereum is at the center of attention. There are a lot of things happening to ETH recently, but the best news is the uptrend which seems to have come. What do Twitter users think about it? Let’s trace the recent history of Ether and ETH price predictions in the latest tweets.

Starting from the middle of February, Ethereum began rising in price by 10%, step by step:

By February 21st, it has reached the $145 threshold. What’s going to happen next?

It’s not surprising that crypto traders remain skeptic after a long bear market. Most of them are still afraid of serious fluctuations. However, some are quite optimistic:

Many are sure that Ethereum is back on track:

Anyway, doesn’t it open new opportunities for investment?

What will accelerate Ethereum’s growth? There are a lot of changes to come, including the release of Constantinople, the overall market uptrend, and other aspects:

There’s a lot of fuss around Ethereum right now. For example, on February 21st, someone sold ETH for the highest fee in the history:

Samsung has integrated an Ethereum wallet into its new S10 phone, which seems to be a considerable step towards massive adoption of the cryptocurrency:

Yet, not all top players believe in Ethereum’s potential. Look at what’s happened recently:

Was Google right? Only time will show. We will continue watching Ethereum development trends.

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.

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The Latest Bitcoin Price Forecasts from Twitter: The Good, the Bad & the Real About BTC

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Short-term Bitcoin price analysis from Twitter users. Is the bearish market over? What to expect from BTC performance in the nearest future?
The Latest Bitcoin Price Forecasts from Twitter: The Good, the Bad & the Real About BTC

Bitcoin is a crypto celebrity: its every movement is always under the spotlight. Twitter is full of posts and comments about BTC prospects. Both famous crypto pundits and unknown enthusiasts come up with ideas and theories. Let's check out what they think about the nearest future of Bitcoin and its price.

Bitcoin predictions from Twitter

A lot of Twitter users agree that Bitcoin needs to reach the $4K threshold to gain momentum. Just look at it:

On February 18th, Bitcoin finally reached the $4,000 target, and it split crypto enthusiasts into two camps. Like it was stated in the previous tweet, some users are sure that BTC will continue growing from now on.

The second half of users are sure it’s a trap:

On February 20th, the world has witnessed the largest amount of Bitcoin trading:

One explanation was provided by DataLight:

This is what has partially triggered Bitcoin’s growth. However, there are many factors contributing to BTC recovery. For example, Twitter user @AlecZiupsnys came up with a Bitcoin prediction of $50,000. His forecast is based on such facts as:

  • ETF speculations

  • High global stress

  • Rising interest rates

  • Bakkt launch

  • Wider adoption

  • Record buildup in US government debt

  • Struggling of the traditional market

Thus, the situation is quite questionable. From one point of view, Bitcoin might be starting to gain in value. From another – it might be a temporary situation.

Sooner or later, Bitcoin should gain in value because it renders a lot of benefits. Even Elon Musk has admitted it makes more sense than paper money:

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.

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Tether Price Forecast 2019 - Overcoming the Gap Between $1 and $5 Is Still Possible

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Tether price prediction 2019 – Can it outgrow a $1 value?
Tether Price Forecast 2019 - Overcoming the Gap Between $1 and $5 Is Still Possible
Contents

Tether, one of the top-10 world cryptocurrencies, seems to be gaining traction – a lot of experts put hopes in this asset believing that it can triple its current $1 cost. However, $3 is a very humble forecast. Prepare for Tether to reach $5, but keep in mind that it may fall to $0.14 as well. What are the chances? Let’s read USDT price predictions 2019.

Tether all-time price chart
Tether price chart: USDT’s recent price has been around $1

The most popular Tether price predictions 2019

Forecasts differ by numbers, though the vast majority of websites and experts are sure that USDT will gain in value.

TheNextTechs.com

One of TheNextTechs.com website authors published an article where he tried to predict Tether’s price. He believed that USDT is to reach the price of $1.50 by the end of 2019. Here’s what he said:

“Tether forecast shows that price shows a corrective wave. After every corrective wave, there will (be) a(n) impulse wave. Inverters should wait for that impulse wave, and after that, they will gain a 50% profit.”

Thus, if you invest $100 right now, you can enjoy 50% gains by the end of the year. Seems to be too positive? Wait a bit.

Coinfan.net

According to this website that focuses on technical analysis, Tether should reach $1.9 by the end of February. By the end of this year, it should grow to as much as $7! That sounds unrealistic considering the fact that Tether is backed up by the US dollar, so the gap would be too huge.

Uslifted.com

Combining the predictions of all other websites, Uslifted.com states that 2019 will be a year of opportunities for traders. In 2019, prices of cryptocurrencies are expected to rise, and Tether will reach $1.75. Right now, it’s better to hold USDT and wait some time.

The reverse side of the coin

While the growth of cool altcoins like Ripple and Stellar is conditioned by their technological superiority, Tether hasn’t much to offer. That’s why some experts and websites aren’t so sure about its success.

According to Fortune.com, Tether is not interesting for investors, so there’s a chance it will follow the way of Basis, which was shut down in 2018. This stablecoin project won’t survive through the battle and won’t be able to preserve a monopoly.

Tradingbeasts.com predicts that USDT will be stale all year round: it will be stuck at the $0.60 point. In 2020, it will fall to $0.53 and stay at this level.

The InvestingPr.com website, which focuses on traditional stocks as well as a cryptocurrency, has a neutral opinion. Here’s what one of the authors said:

“Tether is a great idea that is crucial to the healthy functioning of the cryptocurrency markets, but its execution has been far from perfect. The concerns over its finances and recent market moves have spooked experienced and casual investors alike. Barring major new revelations, however, Tether is unlikely to deviate far from its $1 benchmark.”

Considering the fact that Tether relies heavily on the US dollar, this prediction can turn out to be true.

What can drive Tether growth?

There are several factors that can promote Tether development:

  1. Wide availability, which will attract major investors.

  2. The volatility of Bitcoin and other cryptocurrencies.

  3. Investors are very likely to avoid price drops after such a long bearish period.

  4. Increasing supply.

At the same time, Tether has a lot of issues to deal with. For example, the crypto community and government have to decide whether the audit is required. Besides, there’s a threat of lack of reserves, but the Tether team promised that it has sufficient fiat backup reserves.

Every USDT coin is supposed to be backed up by a fiat $1
USDT relies on USD total supply

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.

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Major Ripple Price Forecasts 2019 – Expectations vs Reality. Why a Value of $10 XRP Is Overestimation? [Updated: 19th Feb]

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Ripple price forecast 2019: From $0.25 to $10 and higher. Whom to believe?
Major Ripple Price Forecasts 2019 – Expectations vs Reality. Why a Value of $10 XRP Is Overestimation? [Updated: 19th Feb]
Contents

Despite the fact that Ripple blows its competition out of the water and is retaining third place in the top-10 world cryptocurrencies, its price is still far from perfect. So far, it has been keeping in the range of $0.28-$0.35, and its current price is $0.31 (as of 02/18/19).

Ripple performance within the last 3 months
The Ripple price is slowly falling during the crypto winter

Experts continue making Ripple price predictions and forecasts. Some are realistic, while some sound like science fiction. Let’s check out the opinions of authoritative crypto experts and websites, and find out what are the chances their assumptions will materialize.

Major XRP price predictions 2019

Considering Ripple’s technological superiority and potential partnerships, many crypto experts believe that it must soon rally from its low. Here’s what they state:

  1. Ripple Coin News, one of the largest websites of its kind, predicts that 2019 will be a lucky period for Ripple, and its price can soar to the $8-10 mark. Such growth will be enabled by new technologies and partnerships.

  2. Daily Express, a UK newspaper, states that XRP is to hit the $5.06 mark.

  3. According to theoofy.com, continuous growth and stability of its position can make Ripple reach $1.2 by the end of 2019. That might happen in Q3 or Q4 2019 if things go smoothly. If XRP manages to double its value in the nearest time and enter the market at the rate of $0.78, it may reach $1.10 by the middle of 2019. The listing of Ripple on independent trading platforms and investment projects can accelerate this process.

  4. Investing Haven’s Ripple price prediction is $20 in 2019. Such forecast is based on the introduction of xRapid tech, partnerships with financial institutions, as well as XRP technological advantages.

Some other websites, including Xstreet, express.co.uk, and Investing PR state that Ripple’s value should reach about $3-5 by the end of this year.

However, some websites are less optimistic about that:

  • The 30rates website predicts that Ripple will stay somewhere between $0.259-$0.299 in March 2019.

  • Metro, a major UK newspaper, also predicts a Ripple price of $0.22-0.28. They are sure that Bitcoin will continue its dominance and is expected to reach $20,000 again.

  • The Economic Forecast Agency expects Ripple to fall further without naming particular numbers.

$10 Ripple price – How real is it?

Okay, we all hope for the best and want Ripple to reach its highest heights this year, but what are the chances of it overcoming a $10 mark?

We have already discussed the possibility of Ripple hitting $100 – it’s almost impossible. Let’s perform similar calculations:

Ripple’s overall supply is 99 991 698 361 XRP.

For 1 XRP to cost $10, Ripple’s market cap should be $999,916,983,610!

Think about it. Almost 1 trillion.

At the moment, Ripple’s market cap is $12.7 bln (1/83 of the desired goal).

Even Apple’s market cap is $800 bln, which proves there’s nothing impossible, but there are too many ‘What ifs’.

What if Ripple won’t stand the competition from Litecoin and Tron?

What if it won’t be as massively adopted as Ripple Labs’ plan?

What if governmental regulations will hinder Ripple implementation in banks?

For XRP to reach the $10 mark, we should witness a huge adoption rate from the world’s banks and financial institutions. Let’s be sincere: right now, all we can count on is a $1.20 price by the end of 2019. The current situation in the crypto market makes Ripple a great investment target, so don’t lose your chance. Sooner or later it should take off and soar high to the sky.

Update: According to Smartereum’s author Andreas Kaplan, with the current projections taken into account, most people in crypto sphere agree that Ripple value can go up to the $200-$300 range in 10 years. Even though this number seems to be even less realistic than the above-mentioned assumptions, there’s a grain of truth in what he bases his prediction on.

RippleLabs are working tight-lipped on their project, and keep attracting new and new partners: Accenture, Andreessen Horowitz, CME Ventures, Core Innovation Capital, Google Ventures, Santander Innoventures, SBI Group, Digital Ventures, Seagate, Standard Chartered and many other companies have expressed their willing to work with Ripple.

RippleLabs are on their way to make XRP a key token for both bank transfers and real-time payments:

Definitely, they’ve taken the right path, so XRP price growth is just a matter of time. While $100 Ripple price prediction still seems to be utopian, $5 is a goal that might be achieved in the nearest years.

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.

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