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📈 Price Predictions
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ETH Price Can Rise to $280 if It Breaks Resistance. A Sneak Peek at Technical Indicators on ETH Price Chart


ETH Price Can Rise to $280 if It Breaks Resistance. A Sneak Peek at Technical Indicators on ETH Price Chart

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.

Contents

Staying around the $170 level, Ethereum seems to stay suppressed by bears, but traders don’t despair. Some of them come up with positive ETH price forecasts, and tradingview experts are not an exception.

Let’s see what they think and which technical indicators they take into account when giving Ethereum price predictions.

ETH will continue rising to $280

ETH has potential to reach $280

According to MrInvertigo, Ethereum has just broken through its bearish downtrend and is about to start a new trend. Its downtrend started in early January 2018 and hasn't been broken since until now.

A Golden Triangle has formed with the 50 days moving average crossing through the 200-day moving average. This is another bullish sign which means ETH is to rise to at least the $200 level. However, it even might continue going up to reach $280 before meeting some resistance and consolidating.

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ETH is being rejected again and again

Check out the trading strategy

Many bulls reckon that Ethereum is heading up but there are a few crucial technical indicators that we need to look at.

  • For example, the 21EMA (in mustard) served as support multiple times and rallied off of it. That rally took us to almost the 61.8% retrace perfectly and now we're getting rejected.

  • Currently, we are below the 21EMA and just retested it. Finding support currently at the 30SMA on the 4H chart but as soon as that breaks, and we will probably be in a downward trajectory back to $162 at a minimum but more than likely heading to $158.

  • 200SMA looks confident, but we very well could go down below that.

We should be keeping an eye on this but if this candle closes below the 21EMA on the 4H timeframe, it looks like a good short opportunity to take advantage of some more downside for Ethereum.

You can enter the market and remember that the stop loss is around $170.

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ETH gets back to support levels

ETH reversed off resistance

On the price chart from easyMarkets, we can see that ETH/USD reversed off our first resistance (horizontal overlap resistance, 61.8% Fibonacci extension) where a strong drop might occur to our major support (100% Fibonacci extension, horizontal swing low support). Stochastic is approaching resistance as well.

You can enter the market and play long if ETH heads to the support levels. But remember that trading CFDs on margin carries high risk. Such a strategy is suitable for advanced players only.

ETH might drop to $100

ETH might fall to $100

Take a closer look at this Ether price chart: there’s a clear rising wedge forming. Thus, while everybody seems to be bullish, user BRValentine is sure that ETH will fall considerably. His worst scenario is $100 which will serve as good support.

Final thoughts

As we see, technical indicators on Ethereum price charts are controversial. While some are sure that Ether is to grow further, realistic traders see that indicators show a few bearish signs. Right now, it’s the perfect time for trading Ether both on shorts and longs. The first variant is great for experienced users, while beginners can make a stake on long-term Ether growth, which might happen in Summer.

Price charts are taken from TradingView

Cover image via www.123rf.com
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About the author

Crypto writer, blockchain geek & Bitcoin holder with a strong belief in the power of cryptocurrency. Veronika combines in-depth analytical approach with creative writing to deliver the texts that both inform and entertain. With hundreds of reviews, SEO articles and marketing texts under the belt, she has experience of working for blockchain Medium channels, Cryptodiffer site and ICOs. Part of U.Today team since 2018, she focuses on crypto price predictions and monitors the market to provide the most relevant info & opinions.

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Ripple (XRP) Is Approaching the $0.27 Support Zone. How Low Might XRP Slump?


Ripple (XRP) Is Approaching the $0.27 Support Zone. How Low Might XRP Slump?

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.

Contents

The recent months have been nothing but disappointment for XRP traders, especially long-term hodlers. While Bitcoin and other altcoins have made a glorious path to new heights, XRP managed to crawl to $0.45 level and got back. Recently, it has even fell below $0.30 - a bad sign for traders. So, what to expect from XRP price next? Let’s check out Twitter users’ XRP price forecasts and their opinions. 

When innovations are hopeless

A lot of traders have been waiting for new technological advanced introduced by Ripple labs - it would make XRP price people thought. However, surprisingly, XRP did not grow - it went the opposite direction. This is what makes Twitter user say ‘RIP Ripple’.

Take a look at their predictions and moods:

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Dreamers stay dreamers

However, some users continue claiming that Ripple is able of reaching new heights. Here’s what some of them think:

A more possible scenario:

But what if Ripple is NOT supposed to be expensive? Take a look at this opinion:

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Indeed, XRP seems to stand aside from the scope of all other altcoins. It simply doesn’t follow the path of Bitcoin or any other digital currency. Market uptrend? Ripple hardly reacts. Technological advanced? XRP market does not depend on it either. Thus, making predictions often proves to be useless. 

Hold or buy more

Since no one knows for sure what will happen with Ripple (XRP) price, you can continue holding it and buy some XRP while the cost is tasty.

Moreover, XRP can dump a little bit more:

Thus, buying at $0.24 would be even a better idea. With the major downtrend on the crypto market, this might be possible.

Conclusion

Ripple’s XRP is too far from $0.50. Moreover, it might even drop below $0.30 again. That means you should either hold XRP for a few months (or years) more, or speculate on shorts – the second option is better for experienced traders.

Cover image via www.123rf.com
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About the author

Crypto writer, blockchain geek & Bitcoin holder with a strong belief in the power of cryptocurrency. Veronika combines in-depth analytical approach with creative writing to deliver the texts that both inform and entertain. With hundreds of reviews, SEO articles and marketing texts under the belt, she has experience of working for blockchain Medium channels, Cryptodiffer site and ICOs. Part of U.Today team since 2018, she focuses on crypto price predictions and monitors the market to provide the most relevant info & opinions.

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