📈 Price Predictions Vaido Veek

Bitcoin, Ripple, Cardano Weekly Price Forecast: Oct. 29, 2018

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A very important week to forecast future price movements
Bitcoin, Ripple, Cardano Weekly Price Forecast: Oct. 29, 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

Bitcoin price forecast

On the weekly chart, we can see that all the higher highs and higher lows are on the same place because of the very low price range movement. Last week, Bitcoin price moved in the $180 range: the highest price was $6,638, the lowest one was $6,453. From the price action perspective, there were some bullish momentums and bullish patterns, but the price just didn’t gain enough volume to make big moves. The best thing that we can read out from the weekly chart is that we are still above the major down-trendline which should work as a support.

The daily chart

The daily chart

Let’s take a look at the current price action on the daily chart. We have two chart patterns, bullish candlestick patterns, at important levels. The chart patterns are the Triangle and the Falling Wedge, a continuation pattern.

The Triangle has been pulled from the trendlines. The bottom trendline is the major counter trendline which is pulled from the Aug. 14 low point, and the upper minor trendline is pulled from Sept. 22. Currently, the price is sitting exactly between those lines, and as you know, the Triangle has two breakout opportunities. So, in order to find out the short-term direction, we need to wait for a breakout from the Triangle.

Now, the second chart pattern — the Falling Wedge. As it is a continuation pattern and currently, the short-term trend is upwards, the continuation pattern works better if we see a breakout above the upper blue trendline.

We are very close to making a breakout, but the area is also very strong. At the moment, the upper blue trendline and the round number $6,500 make a crossing area, but we have a bullish indication that this may succeed because of the yesterday’s bullish candlestick pattern “Hammer.” It would be an important momentum sign, but lately, those “Hammers” didn't work as they should. Today is definitely an important day, and actually, the whole week is important to get to know about the further Bitcoin direction. We could see the price shake off again, which means a quick bounce upwards and a quick bounce downwards. Get ready: the BTC price can make any moves, but we want to search for some confirmations from the price movements.

Bullish confirmations:

  1. A daily candle close again above the round number $6,500.
  2. A daily candle close above the continuation pattern Falling Wedge, it will show short-term movement upwards.
  3. A daily candle close above the Triangle upper trendline.

If we manage to get those confirmations, we are heading into the major resistance area which is $6,767. There we could see the price stop again, and if we manage to break this as well, the major target would be $7,000.

Bearish confirmations:

  1. A daily candle close below the strong support at $6,460.
  2. Daily candle close below the Falling Wedge chart pattern.
  3. Daily candle close below the Triangle.

If you see those breakouts downwards, be very cautious because then we could go and hit the new 2018 lows.

Ripple price forecast

The Weekly chart

Ripple price forecast

Like almost the whole market, Ripple also had a low volume week. The price range was between $0.44 to $0.485. Technically, it is in the good area if we want to see higher prices, but as always, all depends on Bitcoin and the market. Currently, the price trades between April and March low. But let’s look at the smaller time frame: there are pretty nice and clean chart patterns.

The daily chart

Ripple price forecast

If we look at the daily chart, there are several bullish signs: some chart patterns and some pretty good price levels which work strongly as resistances and supports.

Let’s start with the chart patterns.

There is a Triangle and a continuation pattern called the Bull Flag. The Triangle is the easiest pattern to trade: if you see a breakout in either direction, this could be the next possible way the price is heading to. A breakout would be confirmed if you see at least a four-hour candle above or below the Triangle; a full confirmation comes from the daily candle close. Currently, we are on the Triangle tip, and if you have invested in the Ripple, pay attention because we could see a high volume.

Now the continuation pattern, the Bull Flag. Currently, the short-term trend is positive, and it confirms that bullish momentum may come after the breakout upwards from the mentioned pattern. The massive confirmation would be a candle close above the Bull Flag upper resistance line and above the Triangle trendline. In this case, we have two bullish confirmations and should be ready to climb to higher levels.

Let’s try to forecast the weekly bullish scenario:

  1. We have to break above the Bull Flag, the price has been in this Flag for more than 14 days now, and a breakout could trigger the volume.
  2. At least the daily or the four-hour candle has to close above the Triangle and above the March low level at $0.47.

After those confirmations, the round number resistance $0.5 and the 200 EMA crossing area come. We could assume that after those low volume weeks, this resistance is easy to break if we see a volume inside the shorter time frame candles, and a break above the $0.5 will guide us easily to around the $0.6.

Bearish scenario:

  1. A candle close below the Bull Flag.
  2. A candle close below the Triangle.
  3. A candle close below the April low at $0.454.

This scenario could be pretty ugly because we could go and hit the new short-term lower low below $0.4. Overall, a daily candle close below the April low level with a high volume inside of it will confirm bearishness. Our recommendation is to stay away from the Ripple if this happens.

Cardano price forecast

If Ripple didn’t lose any value last week, Cardano suffered a five-percent loss.

Cardano starts to show us some bearish signs, and we are very close to getting some bearish confirmations.

Cardano price forecast

Currently, we have two trendlines: a short-term down trendline which is pulled from Sept. 1, a high point, and the major counter trendline which is pulled from Sept. 12, a low point. This major counter trendline starts to give us some bearish signs.

On Sunday, the price was below the counter trendline, but luckily, it managed to jump back above the trendline and now tries to break below the counter trendline again. The close below the line will confirm bearishness because of the overall trend. The overall trend is down, and if the counter trendline — you can also call this a short-term up-trendline — breaks, it will indicate that the current up-trend momentum has gone and we may continue to the overall direction which is downwards.

This bearish scenario is definitely on the table if Bitcoin can’t break above the Falling Wedge chart pattern and if it doesn’t get a close above that. A rejection downwards will pull down the whole market, and as you can see on the price action, it definitely pulls Cardano down.

Bullish confirmations:

  1. First of all, we have to get back into the Triangle.
  2. A daily candle close above the short-term down trendline. It will guide us to the round number at $0.8.
  3. A candle close above the $0.8 will guide us to the strong area which is at $0.91.

Bearish confirmations:

  1. A daily candle close below the counter trendline will guide us to the round number area at $0.7.
  2. A daily candle close below the round number, which historically worked as a support level, will trigger the bear market for Cardano. There are now significant support levels; so, a close below the $0.7 will guide us to the 2018 low levels.
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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.

Subscribe to U.Today on Facebook, and get involved in all top daily cryptocurrency news, stories and price predictions!
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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.

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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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