Hello Friends,
In this blog we will discuss about the price prediction of top 3 cryptocurrencies, Bitcoin, Ethereum, Ripple. I have written this blog in very simple language so you all can easily understand. In this blog I will discuss about these 3 things in brief that are: BTC adjusting the speed of its movement to avoid past errors targeting $8,344 ,ETH validated moving averages target is $617, XRP needs more time to digest the change of trend,targets $0.63. So the market which does not learn from its mistakes is a market with no futue.After a return the crypto market looks to settle down looking at the longer term. Now lets dicuss about these coins and their recent activities.
BTC/USD
Botcoin is trading at $7300 at least until the opening of the US market. However on the bullish side the signal for another bullish segment would be a close above $7,400. The BTC movement would not gain strength until above $7,600 with a first target at $7873 and second target at $8344 where as on the down scenario the first support is at $7100 but if it lost the momentum BTC can return to a bearish scenario and will search for low levels at first target $6850.
ETH/USD
ETH technical development is more advanced as it has gotten to a new territories in its first attempt to reach $520. However on the upside first clear target for ethereum is to recover the $485 level and the second target is at $520 at an intermediate level. Before an attack to main technical targets the first of these targets is at $568 and next at $617 whereas on the downside below $460 it could open bearish scenario again in all periods.
XRP/USD
Ripple was not able to close above $0.52 and its structure is similar to the one of ethereum on the bullish side first target for ripple is to regain the $0.504 level next bullish target for ripple is at $0.554 and then it will move towards the $0.63 level where as on the downside ripple will continue to be bullish as long as it does not close between the $0.466 level. If loses target the first downward taget will be $0.44.
So that’s all from my side I hope you all will like my article and do appreciate my work. I will wait for your opinions and valuable comments.
Thanks Hitesh Verma