📈 Price Predictions Vaido Veek

BTC Took Down The First Obstacle, ADA Bullish Patterns, ETH Mixed Signs: Price Analysis, Oct. 9, 2018

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Bitcoin took down the first obstacle, Cardano shows some bullish patterns, Ethereum is on the mixed area
BTC Took Down The First Obstacle, ADA Bullish Patterns, ETH Mixed Signs: Price Analysis, Oct. 9, 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 took down the first obstacle

Yesterday, we got a daily candle closing above the orange line and the 50 EMA. These were the first obstacles to be taken down to climb to higher levels.

image

The Hammer candlestick pattern, which appeared after the price bounced up from the trendline after July 24, worked nicely and the momentum guides us through the first obstacles.

Highest October candle is closing at $6,672 and it confirms that the current momentum is bullish.

Currently, altcoins show mixed signs, some of them are on the green side, some of them are on the red. Yesterday’s move through the orange area doesn’t look like a fake action due to the fact that altcoins were also on the positive side. Altcoins follow-up confirms the current momentum on the market is bullish.

CARDANO (ADA/USD) Shows Some Bullish Patterns

image
The last two days have been very bullish for Cardano. Here are a few confirmation signs to analyze. The first sign is the continuation chart pattern called “Falling Wedge”. The latest momentum was upward and after that, the price stayed in the consolidation mode (sideways movement). This sideways movement allows drawing the trendlines which will indicate that there is the “Falling Wedge” continuation pattern.

The second bullish sign is a bullish candlestick pattern called “Engulfing”. On Sunday, there was an upward breakout from the chart pattern resulting in a candle close above the August low which worked as a resistance. This candle eats entirely the previous one and thus we see a bullish “Engulfing” candlestick pattern. Yesterday, this bullish momentum continued and we have a breakout from the “Falling Wedge” as a confirmation.

The next resistances are the strong area around $0.091 and the round number $0.1. Those were the major resistances before we could see the major target area around June low at $0.113. In this area, we should make a big price structure change an HH (higher high).

The target area is coming from the chart pattern. The target has to be of the same size as the “Falling Wedge” ‘pole’.

So, if the price reaches into the mentioned resistance area you will have to see what Bitcoin does and read out some price action from the ADA chart.

ETHEREUM (ETH/USD) Is On The Mixed Area

Ethereum is on the mixed sings area. What does it mean?

image

We have several bullish signs and some bearish signs, too.

Let's start with the bullish ones:

  1. The Ethereum price still makes perfect higher lows (HL) which will indicate that the upwards momentum is on the chart. It means that buyers are earlier on the market and it makes those lows higher, they just don’t want to see lower prices.
  2. We have a breakout above the short-term counter trendline. Since Sept. 22, ETH has slowly moved downwards and it has made lower highs. Yesterday, however, it made a confirmed break above this trendline which indicates that the bullish momentum may continue.

Bearish signs are as follows:

  1. The price is still below the short-term upwards trendline. Yes, it makes higher lows but the strong momentum has gone, though we slowly start to pick it up again.
  2. The price is still below the 200 EMA and strong resistance. The resistance, a short-term upwards trendline and the 200 EMA make a crossing area. To see a powerfully bullish Ethereum, we have to break down this crossing area but it’s difficult: several price action criteria match each other in one price level and, as you know, those levels are very hard to beat and it takes a lot of power.

So, both resistance and support are strong (the support consists of the strong support (a blue line), the short-term counter trendline works as a support). A breakout from either of the blue lines will guide us to the next move.

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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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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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