On the daily chart, bullish pressure is getting more powerful which is confirmed by the MACD indicator which is about to enter the green zone. In addition, the level of trading volume is also not going down confirming the power of bulls. Summing up, there are high chances to see Ethereum (ETH) trading at $255 within the next days.
On the bigger time frame, nothing has changed so far. The trading volume is declining while Bitcoin (BTC) is slowly going up. The growth that is not accompanied by the trading volume is not going to last for a long time. Respectively, after the possible local peak at around $9,900, traders should expect a drop to $9,100 which has been a support area since the...
According to the daily chart, a chance to retest the $9,100 still remains. First of all, buyers are not powerful enough to update the local heights as the trading volume is low. In this case, after a bounce back to the zone of $9,600-$9,700 there might be a sharp decline to $9,100. Bears might reach the mentioned support level by the end of the current month.
The daily chart is not so optimistic as the 4H one. The trading volume is not going up which means the ongoing growth is just a bounce off before a more profound decline. The more likely price action of Ethereum (ETH) is a greatest of the top level of the falling channel, followed by a drop to $220.
XRP is the biggest loser over the last week. The price of the coin has declined by 2.56% while the growth since yesterday has constituted 0.30%. XRP is looking more bearish and Bitcoin (BTC) or Ethereum (ETH). The trading volume keeps declining and there are no buyers to buy back the coin from current levels. In this case, our earlier scenario of a drop to $0.18...
On the weekly time frame, Bitcoin (BTC) has been trading sideways for the previous few weeks. However, such price action is more favourable for bears as the trading volume is going down. What is more, there are lowering heights every week.
Stellar (XLM) is one of the main losers from our list. The coin has lost 1.78% over the previous 24 hours while the drop over the last week has constituted 5%. Stellar (XLM) is trading similarly to EOS. The liquidity is high, however, the trading volume keeps going down. It means that there are no buyers willing to buy back at the current levels. The next support...
On the daily chart, Ethereum (ETH) has still bullish potential, however, one needs to pay close attention at the level of $220. In case, sellers break it, the further drop up to $200 will become relevant. However, there is unlikely to break it from the first time as this is a far retest level since the beginning of May. Summing up, traders might expect a bounce...
Minor rollbacks on small time frames do not change the bearish long-term picture. The trading volume keeps declining and XRP cannot break get out of the falling channel. The $0.1870 mark is the first stop where buyers might show their strength. If it is broken, the next vital support is around $0.1740. If bears keep pushing the rate deeper, the above-mentioned...
On the daily time frame, bears have already seized the initiative in the long-term perspective. Although, there might be some rollbacks to $9,800, there is unlikely that the main crypto will fix above $10,000. Such a statement is confirmed by the declining trading volume and lowering heights. In this case, the closest support at $8,900 may be attained by the start...
XRP is the main loser from our list. The coin has lost 2.68% of its value over the last day. Yesterday, buyers tried to test the psychological mark of $0.20, but sellers reacted with a rather strong bearish impulse, which pierced the support of $0.19. However, this area was able to stop the rollback and returned the pair to the area of average prices. If buyers...
On the weekly chart, Ethereum (ETH) is slowly approaching the height of 2020 reached in February. Bulls are buying back each fall confirming that they are not going to seize the initiative. In addition, their impulse is supported by the trading volume. If volume remains at the same level or keep increasing, traders might see the leading altcoin trading around $300...
On the daily chart, XRP keeps trading within the falling channel since the coin failed to fix above $0.2353. The trading volume has not increased, moreover, it keeps slight decreasing, confirming the bearish impulse. Summing up, the next support is the mark of $0.184. For the last time, it served as a start-point for buyers to start the bull run. If bears break...
On the weekly chart, bearish sentiments are increasing as Bitcoin (BTC) has been trading in a sideways trend for around 1 month. However, the current level is not the local bottom. As the trading volume is going down, the decrease might continue to the area of MA 50, equivalent to the $8,700 level. If bulls cannot hold this level, the long-term trend will switch...
XRP yesterday set a June low near the upper border of the downward channel but was able to return to the average price range by the end of the day. Now the pair is desperately trying to gain a foothold at the two-hour EMA55 level and if buyers can continue to grow, today the price may reach the psychological mark of $0.20. This support will be able to keep the...
On the bigger time frame, Ethereum (ETH) is forming the Triangle pattern with the last point at the support level of $218. The decline more likely scenario than the growth as the leading altcoin is trading against the increasing selling volume which a bearish forecast. Ethereum (ETH) Price Analysis: Trading Sideways Followed by Upcoming Drop to $200 In addition,...
On the weekly chart, bulls are still fighting for the chance to get to $10,000. From the technical point of view, the sideways trend has been lasting for a few weeks so far, however, the bearish pressure is becoming more powerful based on the trading volume. In this case, one may expect another sharp growth of Bitcoin (BTC) to around $10,000 before dump continues.
On the daily time frame, the MACD indicator is declining which means that bulls are unlikely to come back to the crucial level at $0.20. Thus, XRP keeps trading within the falling channel where the nearest support is the bottom of the channel at $0.17. The decreasing trading volume confirms the ongoing bearish mood.