📈 Price Predictions Vaido Veek

Bitcoin, Ethereum, Litecoin Weekly Price Forecast: Oct. 22, 2018

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Bullish signs, however, both price directions are possible
Bitcoin, Ethereum, Litecoin Weekly Price Forecast: Oct. 22, 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 price forecast

The Weekly chart

image

Last week Bitcoin made a big movement. From the volume perspective, it was not the highest week, but from the price range perspective, it was definitely one of the highest weeks since April (from low to high ~$1,370). Currently, the price trades above the major down-trendline which is the most important criterion. It shows that we have broken the down-trendline and are ready to go to the higher prices. The second important price action criterion is the red line — the curve support. At the moment, the price is under the curve support, but this criterion is pretty subjective to make any bigger assumption.

If we look at this chart, we can see a candlestick pattern — a bullish pattern called “Inverted Hammer.” This is a type of candlestick pattern found after a downtrend and is usually taken to be a trend-reversal signal. The pattern will indicate the price actions this week: we can possibly see a movement upwards, but let’s try to break it down on the lower time frames.

The daily chart

image

It’s clearly visible on the daily time frame that after the massive rally upwards and after the major down-trendline breakout, the price came down pretty quickly, and on Friday, it made a trendline retest. After the retest, the Bitcoin price has made a slow and steady climb upwards to the minor trendline which is now working as a resistance. It tried to make a breakout above the trendline yesterday but got rejected. Currently, it tries again, and it is a good sign since it indicates the buyers still want to see higher prices.

Let’s look at this a little bit deeper into the four-hour time frame. The first thing we discover is the 100 and 200 EMA which work currently as a strong support level because they are almost at the same price level. The last four-hour candle close gave us “Dragonfly Doji” which will indicate that the price will go higher — the price got rejected from EMA’s and formed a bullish candlestick pattern.

Now, if the four-hour candle closes like this, it would be another candlestick pattern called “Morning Star.” It consists of three candles and is a bullish candlestick pattern. Currently, it has a nice support, and if the close happens as we’ve mentioned, it would be a good indication that we can break the minor trendline and after that some higher levels.

The four-hour chart

image

Higher levels resistances:

  1. After the minor trendline break, the price has to fight with the major counter trendline which is pulled from Sept. 8. After last Thursday’s breakout downwards, it started to work as a resistance.
  2. The major resistance is the blue line at $6,767. This is the main area where we have to watch what the price action offers. If we want to see a bullish week from BTC, we just have to take down that resistance. In order to get there, we have to break the minor trendline first, the major counter trendline second and then the aforementioned price level of $6,767. The first target after the blue line breakout is around $6,900–$7,000. The road to there is not easy but is definitely possible (remember the “Inverted Hammer” candlestick pattern on the weekly time frame).

Lower levels supports:

  1. If we can’t find enough power to go upwards from EMA’s and fall below those, then the first support is the round number $6,500.
  2. Not far from the round number is the major down-trendline which still works as a support, but you have to watch it precisely from the weeks since March 5.
  3. The strong support (the blue line) at $6,460.

These three supports make a very strong crossing area which is hard to beat. However, if a candle closes (at least four-hour candle) below the last support level, stay away from the market because we can see a big movement there.

Ethereum price forecast

The weekly chart:

imageLike Bitcoin, on the weekly chart, Ethereum shows the same bullish candlestick pattern called “Inverted Hammer.” Last week, Ethereum got rejected from $240 and fell back into the triangle. The triangle has been there since September, and after the breakout from either direction, it is easier to say where the price wants to go.

Currently, it has found a support from the round number at $200, from the brown trendline which is pulled from March and from the triangle bottom trendline crossing area (together they make a very strong support).

The daily chart

image

The daily chart shows that Ethereum still makes the lower highs, but in the bigger picture, we manage to hold that higher low which was made on Oct. 11. Those lower highs and higher lows allow drawing the trendlines (upper and bottom) which together make the Triangle. Last week ETH was rejected from the triangle upper trendline and from the two strong resistances (the blue lines at $224 and $236). Soon we will see a bigger movement because we are approaching the triangle tip, where the price is ‘smashed’ together and is ready to make a big move. The four-hour chart provides confirmations of which direction the price will follow.

The four-hour chart

image

Bullish scenario:

  1. To be bullish we have to get support from the market and from the bullish Bitcoin. If Bitcoin makes a breakout from the $6,767, then ETH has an opportunity to make a breakout from the triangle (upwards). So, the first big bullish sign is the four-hour candle closed above the triangle upper trendline.
  2. The second confirmation comes from the EMA 200. If the price reaches into the triangle trendline, then the 200 EMA will match exactly with this and they make together a strong resistance area.

So, a close above the trendline and the 200 EMA should guide us to the higher levels. The first targets will be the higher resistance at $236 and the August low — the round number — at $250.

Bearish scenario:

  1. A close below the round number $200.
  2. A close below the triangle bottom trendline which is currently also the major counter trendline.
  3. A close below the brown trendline which is pulled from March.

As we’ve said before, those criteria make a very strong price level which is hard to beat, but if a candle closes below the red line, stay away from the Ethereum, because after that it will probably be approaching the 2018 low level of $167.

Litecoin weekly price forecast

The weekly chart

image

If we watch it from the candlestick perspective, Litecoin is not an exception and has also got the “Inverted Hammer.” The last week pump guided us to the $62 where we got rejected back below the 200 EMA. It’s possible we’ll see a movement this or the next week because the price is in the trendlines crossing area tip and is ready to make a move. The move depends on the market because altcoins don’t move without Bitcoin, they need a support from the whole market and from the BTC. The price movement allows drawing two clean trendlines — the down-trendline and the counter trendline. If we want to know which direction is more favorable, we have to dig into the lower time frames.

The daily chart

imageOn the daily time frame, we can see that the down-trendline has worked perfectly as a resistance. The price got rejected from the trendline multiple times, and from that we can say this is currently the major resistance that the price has to take down to go higher.

The daily time frame also offers us a bit sloppy bearish chart pattern called “Descending Triangle.” It is still the triangle, and the price has opportunities to breakout either direction but a more favorable one is a breakout downwards. So far we’ve got mixed signs — a bullish candlestick pattern on the weekly chart and the bearish pattern on the daily chart. Let’s find some confirmation areas of both scenarios.

The four-hour chart

imageLet’s play both scenarios that could possibly happen this week because the price is very close to the trendlines crossing area which indicates that the explosion is on the way.

Bullish scenario:

  1. The price has to break above the down-trendline which worked as a strong resistance. It would be the first bullish sign if the price manages to stay above that trendline.
  2. A breakout from the trendline guides us to the sloppy “Descending Triangle.” This is the minor resistance, but we count this as a resistance because the 200 EMA is also in this area.

If the explosion occurrs, the major target will be the super-strong area at $62.

Bearish scenario:

  1.  Break below the counter trendline.
  2. Break below the “Descending Triangle.”

Those criteria indicate that the price may go and retest the 2018 low at $47. If we get a breakout downwards, the sloppy “Descending Triangle” starts to work and will guide the movements into the lower prices. So, be ready and alerted if this scenario is on the chart!

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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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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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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.

Subscribe to U.Today on Twitter, and get involved in all top daily crypto news, stories and price predictions!
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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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Ethereum, Ripple, NEO, Cardano - Weekly Overview and Price Prediction

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The crypto market is showing steady signs of improvement, adding over $6 billion to the overall market cap in the last 48 hours.
Ethereum, Ripple, NEO, Cardano - Weekly Overview and Price Prediction
Contents

The crypto market is showing steady signs of improvement, adding over $6 billion to the overall market cap in the last 48 hours. Bitcoin is also hinting at a stronger recovery but the O.G. cryptocurrency is not the only one in green, and certainly not the one moving the most. Ethereum, NEO, Cardano, and Ripple have all seen improvements and look like they could extend their gains.

Ethereum (ETH) Price Prediction

Ethereum has widened the gap between it and Ripple, the difference between the 2nd and 3rd ranked cryptocurrencies are now close to $2 billion. The widening is due to a massive surge in price for ETH, while XRP is trading only slightly bullish.

After successfully breaking resistance between $125 and $130 Ethereum is now trading at $140. The world's most advanced blockchain has added more than 15% in the last 7 days, with more than 10% over the last 24 hours, and momentum is building. The caveat is that the RSI is already in overbought territory (above 70) on a 4-hour chart and that price has been moving straight up for a substantial distance which means it is susceptible to profit-taking. While I expect to see ETH up by the end of the week, we will likely see some bearish retracement before then.

ETH/USD chart by TradingView

ETH/USD chart by TradingView

NEO (NEO)

With a market cap of just over $550 million, NEO is currently ranked at number 17 according to CoinMarketCap data. The coin added almost 9% over the last 7 days and is trading near $8.60 right now. NEO has bounced and moved above the 100-period Exponential Moving Average on a 4-hour chart which opens the door for a touch of the key resistance at $10. This is both a technical and psychological level which is very important regarding the medium to long term movement. Considering the way NEO has been moving, and the fact that it is not yet overbought, a touch of $10 could come as early as the end of this week.

NEO/USD chart by TradingView

NEO/USD chart by TradingView

Cardano (ADA) Price Prediction

Cardano is sitting at number 12 in the market cap rankings. It’s currently trading at 0.043 against the US Dollar and has added 5.58% in the last 24 hours. It seems like, after a period of sideways consolidation, ADA is waking up and aiming for resistance near $0.048. The 100 period EMA is relatively flat but with a bullish bias and so far offering good support. The RSI is just entering the overbought territory, a sign of strength, so we may see a touch of 0.048 by the end of the week.

ADA/USD chart by TradingView

ADA/USD chart by TradingView

Ripple (XRP) Price Prediction

Occupying 3rd place by the value of the total circulating supply, Ripple’s XRP is currently trading at $0.31 after spending an extended period hovering near $0.30. The pair is facing minor resistance at $0.32 that is so far holding price in check. We are now dealing with a classic “bounce or break” scenario in which price will move into the next resistance ($0.35) if it can successfully break $0.32 or it will drop towards $0.28 if the current resistance holds. We should know which scenario is more likely to come true by the end of the week.

XRP/USD chart by TradingView

XRP/USD chart by TradingView

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