📈 Price Predictions Vaido Veek

Bitcoin Weekly Forecast and Ripple Possible Scenarios: Price Analysis, Oct. 8, 2018

📈 Price Predictions
Bitcoin weekly forecast and Ripple possible scenarios
Bitcoin Weekly Forecast and Ripple Possible Scenarios: Price Analysis, Oct. 8, 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 forecast

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Let's start with a weekly time frame. In the picture above, we have a curved support line which reflects the price over a period of time. It starts this February, and now we have touched it multiple times over the last weeks. Previously, when the price was approaching the trendline, it was rejected quickly and had to move sharply downwards and when the price has touched the curved support line after that, it has bounced upwards pretty quickly. But currently, we are waiting for the momentum with the volume. This week we will definitely see a bigger movement because the price is approaching the crossing area and is ready to make a breakout in either direction. In order to find out which direction is more favorable, we need to examine shorter time frames, too. However, during the last three weeks, the price has bounced upwards from the round number of $6,500 which works as a support. Note that there are more bullish signs on shorter time frames.

image

Let's take a look at a four-hour chart. As you might have already noticed, we managed to push through the trendline which was the last week major goal. Over the weekend, as usual, the price moved sideways because the weekends are historically with a super-low volume. Luckily, this sideways kick brought an important price action movement. On Friday, Bitcoin broke above the trendline and over the weekend made a retest and got a bounce exactly from the trendline which previously was a resistance and now becomes a support.

To get a move upwards, we have to break above the orange line, which is just above the current price. This level has worked multiple times as a resistance and if this level breaks, it will be the first sign of the bullishness. That would be a small step due to Bitcoin’s super-strong resistance and the major down-trendline crossing area position above the orange line. Crossing area is very hard to crack and we need a massive volume to accomplish that. If Bitcoin moves upwards, we can get the power to guide us through $6,767 and through the major down-trendline. Thus, the first major targets would be around $7,000 and $7,300.

In the four-hour chart, the Bitcoin price trades above the all-important EMA's which is a good sign if we want to see a movement upward. However, in the daily chart, the price is currently below the 50 EMA. It works as a resistance and matches with the orange line on the four-hour chart. The orange line is the first short-term level for bullish BTC.

Remember, the breakout can occur in either direction: above the major down-trendline or below the curve support. The major downwards confirmation is a daily close below the curve support and the round number of $6,500. The close will give us several “break below's”:

  • Break below the curve support;
  • Break below the round number;
  • Break below the EMA's;
  • Break below the minor up-trendlines.

Summary:

Weekly timeframe analysis indicates that the price starts to ‘think’ differently — three weeks around the major trendline without any dump are an indication.

The four-hour chart shows bullish signs such as trendline breakout and retest, but strong support levels at $6,460 and $6,500 have held the price nicely.

The correction to $6,460–$6,500 is possible; however, it’s not favorable to witness candle close below these levels. Specifically, it applies to a daily candle close because then the bullish momentum would be gone and the possibility that the bears start to control the market would be high.

RIPPLE (XRP/USD) Possible Scenarios

Since Sept. 22, the Ripple price has had consolidation between $0.45 and $0.6. Remember, last week we discovered  “Cypher” harmonic pattern and now it has completed. Currently, it got a bounce exactly from the ‘complete area’ at $0.475.

image

The price is again above the short-term counter trendline which is a good sign if the market stays stable. To get a full confirmation, we have to break the round number of $0.5 which works as a resistance. In this area, there is also an old support level which now transfers into the resistance level. So, the road to the higher prices is almost free. The only stop could be on the May’s low level at $0.544. This scenario could be very powerful if Bitcoin makes a breakout upward from the major down-trendline. In this case, the target is even higher and we can easily reach it into the June low level at $0.7.

Bearish confirmation would be a candle close below the previous low at $0.47 (below the short-term counter trendline). The first support would be the grey area, which was the support on Sept. 25, and after its crack, the major support would be at $0.4.

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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 Twitter, and get involved in all top daily crypto 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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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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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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