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Ripple Price Prediction: Daily Development – XRP Continues the descending Trend

Ripple price has continued over Sep 22 its downtrend against the USD and Bitcoin’s market. It is much likely in the near term the descending will extend and hitting below $0.1700 could take place.

Ripple Breaking Lower – XRP/USD

Since almost making it above the $0.1900 mark, Ripple price did meet selling pressure resulting with a slow declining movement. It was predicted that the pair would be hitting below $0.1700 while it did deep-dive lower than the $0.1750 and a spiking break of the 50% Fib retracement mark since the recovery flow $0.1500 to $0.1970.

A bearish trend is taking over as the pair XRP/USD is quite below positioned than the 100 hourly SMA. The $0.1677 level will be acting as a support which is positioned at the 61.8% Fib Ret level of the above mentioned wave. Very important double bearish trends are forming: one in the longer term at $0.1800 and the other on the hourly chart of XRP against the US Dollar close to $0.1880.

ripple forecast

So, in conclusion for the near term – many more hurdles will be found to move upward aiming the $0.1900 level making recovery and price return very difficult. Because of the support, a retest of $0.1650 could take place for the moment.

  • Support Level – $0.1700
  • Resistance Level – $0.1850

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Bitcoin Price Plunges to $3,600 as the Declining Train takes Over

Bitcoin Price after its long recovery from the major crash on Sep 15, had met quite the struggle to close successfully above $4,000, resulting on Thursday afternoon (UTC) stepping down to $3,639 with 6% loss in only two hours.

According to information from Bitfinex – Bitcoin token price against the US Dollar at the start of the day Sep 21 was just below the major $4000 mark as it hovered on a hourly understanding for some time around $3,900. At around 16:30 UTC the pair did drop from $3,711 to $3,639.

bitcoin prediction

For the moment it is trading at $3,731.66 with a negative loss of -6.73% in the last 24-hours while in a weekly period it is over 9.25% increase and in the green zone.

Exchanges that pair BTC with USD are counting the majority of trading volume lately with around 40% in the last 24-hours.

bitcoin trading prediction price

For the time being news are hitting the market and prices quite in masses, as China exchanges are about to be terminated with only two major ones left until end of October. That is followed with rumors and words flying around that the same fate will come for Chinese Mining platforms and pools. On the other hand many commentators about the recent regulative development added that the regulation could turn out as positive for the community with China not being able to manipulate the market anymore.

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Bitcoin Cash, Litecoin Price Daily Development: BCH, LTC Forecast Sep 20

The recovery process is finding much hurdle and struggle before forming any successful close above major resistance marks.

On the near Federal’s plan to shrink Bond Holdings will have affect on the US dollar thus the cryptocurrency value pairing with the fiat-currency.

Bitcoin Cash against the US Dollar – Analysis and Prediction

A very similar pattern and quite interesting to follow is going on on the market, especially for the top-ten cryptocurrencies based on market cap. There is a very much appreciated fight to gain by attempting to overcome important psychological zones. For Bitcoin Cash it is the $500 as the price is fluctuating below and over for the past two-three days now.

bitcoin cash prediction

For quite some time now the above downtrend pushing resistance is acting in its purpose. But, in the event that a close takes place over the particular formed trend it could hoist the price targeting $700 as it changes the value flow. So long positions could be planned at $550. On the other hand declining lower could take the price on selling pressure to $400.

Litecoin Against the US Dollar – Daily Analysis and Prediction

Since the all-time high record price, in a triangle formed pattern the price is declining. Now it is finding resistance at the 38.2% Fib Ret level since the previous descending flow ($93.649 to $32.681). The mark which did represent stable trading ground and support now is acting as an important psychological level – $60.

litecoin prediction

In the event of clearing the above mentioned resistance – $60 – that would indicate a trend changer and possible gain continuation. But for now the signal are in discourage-trading Litecoin so conduct your own research and keep the size small as the market is very much unpredictable.

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Ethereum Price Daily Analysis and Prediction – ETH Supports Not Holding

Ethereum is taking a pull-back movement while step by step trading lower against the US Dollar and staying in the negative of Bitoin’s Market. ETH price did spike below a major support of $282.

Ethereum Price Met Struggle

The hovering above the $280 and lower than $290 has continued on Sep 19 and today with no major movement. Despite the attempts to break and successfully close above the $290 mark, ETH/USD is losing its ground trading lower than the $285 level. A contracting triangle pattern with support at $282-$284 mentioned in yesterday press for Eth price could not support the price above on the hourly chart of ETH/USD. A declining indicator has appeared when the value did clear the 23.6% Fib retracement mark since the last recovery rally from $238.50 to $298.70.

If the descending break keeps steady, then there will be a declining flow to any target lower than $280. Support will be found at $268 as the 50% Fib Retracement level of the above mentioned wave is close to the mark. On top of that the 100 SMA is near $268 so that particular zone is a very important supporting level to hold the for no further declining.

ethereum forecast

Source: coinmarketcap

On the other side, a bearish trend is forming with the major $296 resistance included as in the event of a break for of the particular barrier further climbing upwards will be experienced.

  • Hourly MACD – The MACD is slowly moving back into the bearish zone.
  • Hourly RSI – The RSI is now below the 50 level.
  • Support Level – $268
  • Resistance Level – $298

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Ethereum Set To Gain More: ETH/USD price Increase if Support Hold – Longer Term Prediction

Ethereum price cleared important resistances against the US Dollar and now for near term upward continuation ETH/USD should trade above $270.

Ethereum Price Set to Gain

Following Bitcoin’s recovering rally, Ethereum price has climbed through important resistance levels that acted previously like supports $270 against the US Dollar. The pair did target the $300 mark but after testing it, the price made it only to $298.71. Even that the upward was that high, the complete test of the $300.60 which represtented the 1.236 Fib extension of the previous descending flow ($281.50 to $199.880) so concluding with a correction now just above the $280 mark with negative 0.38 percent loss in the last

A triangle pattern is forming on the hourly chart of ETH/USD with support at $278. Close to the 50% Fib retrancement mark of the last gaining flow from $238.56 to $298.71 is the most important support $270 located. If the price continues trading above the specific support, in the near term we could se more gain and probably a break above the $298 major resistance.

ethereum prediction 2018

Source: Coinmarketcap

So if it stays where it is trading above the $270 – bullish gaining trend with $300 as a break target, on the other hand if it closes lower than $270 a bearish pressuring trend could come.

  • Hourly MACD – The MACD is slowly decreasing the bullish slope.
  • Hourly RSI – The RSI is heading lower towards the 50 level.
  • Support Level – $270
  • Resistance Level – $298

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Ethereum Price Going for the $300 test – Daily Analysis Upward Prediction

Ethereum price took two major attempts to overcome the $250 mark first against the US Dollar. The pair is aiming for the $300 mark after increasing past $280.

Ethereum Price Against US Dollar – ETH/USD Hurdle with Resistance

As mentioned in the previous daily Etherum analysis, the price will be attempting maybe twice or three times until the $300 mark is tested and possibly overcome. On its second session ETH price cleared the $250 struggle as its broke the 61.8% Fib retracement level since the previous descending flow from $281.31 to $199.74.

Clear bullish pattern indicators are forming as the pair ETH/USD is trading above the 76.4% Fib Retracement level of the above mentioned decline. A very important break above a bearish trend line took place at $262 on the hourly chart. The price is trading at $286.18 with almost 20 percentage point gain in the last 12-hours.

ethereum prediction

Source: Coinmarketcap

If the predictions are right and the momentum does not loos foot, a break attempt over the $300 could be happening in the near term. For now as longs as the pair trades over the $255 mark an optimistic feeling on gain should be taking place.

  • Hourly MACD – The MACD is now placed well in the bullish zone.
  • Hourly RSI – The RSI is heading into the overbought levels.
  • Support Level – $260
  • Resistance Level – $300

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NEO (“Antshares”) Price Hurdle to Overcome $20 Trading Ground – Recovery on the Way Prediction

With the China regulation fear behind us and all the turmoil included, crypto prices and the community is looking for forward movement. A few weeks back when it got rebranded – NEO has taken quite the stage among the top cryptocurrencies based on market cap.

A very long and not stopping correction was experienced for NEO after its all time high, until the general market decline happened Yesterday which was followed now by a momentum of recovery while trying to battle its way through a major psychological level $20.

During the past weeks, many events have taken place to conclude with price fluctuation and swings but for NEO holders they were not so much in their favor. The volatility is very high, just yesterday the price dropped to $13.7 monthly lowest and back surging to $23.00 but not being able to close successfully above the important zone of $20 and descending lower again.

Any near term prediction would be very questionable as now so much of day trading will be effecting the total market which are affected by speculations.

The price has regained 6.31% in the last 24-hours and its trading volume is around $52 million. Its market cap is closing in to the big $1 billion target (as time of the press $966 million) – Data according to Coinmarketcap.

neo price prediction

The trading volume for the last 24-hours is above $50 million so deep-pocket whales and manipulators could be on control of the market right now. For the near term it will not be looking so optimistic as the major demand came from China and that now is dropping heavily, even that the traders based there could be looking and finding other ways to be part of the market, but until then range bound and panic selling could occur.

Binance for the moment out of the Asian exchange platforms is making any kind of benefit to the NEO market which has gone under some ICO regulations and is on the “overlooked list” by Peoples Bank of China (PBoC).

On the other side Bitfinex is having a hurdle with the market liquidity towards NEO, however this could change even that for now things are not going and rolling as they were planned to.

The NEO price will be trying and attempting to keep any kind of trend – decline or increase; and maintain it but it is of high chance it will fail as the trading volume is to low. As mentioned above we are in that stasis of the market any prediction is of the highest risk so allocation size should be kept small and play around with play money only, as time will tell.

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