Crypto prices should range this weekend. Recent Asian Profit Taking before the holidays and some major blockchain conventions happening in San Francisco and Miami should help price find some stability this weekend. Here is a look at Coinbase Cryptos.
Litecoin is currently $188 usd.
Weekend Forecast: RANGE. Between $205 and $140.
Reasons: MacD and RSI are not in unison. RSI showing bearish signs. MacD not convincingly bullish. Moving Averages are sweeping down upon price. Previous price history support is now resistance.
Intangibles: Still the fastest and cheapest Transfer of Value between exchanges and transactions. Highly active development team. Undervalued price has room for growth.
Ethereum $1027 usd
Weekend Forecast: BEARISH RANGE between $1120 and $780.
Reasons: Bearish MacD & RSI on the daily candle. Currently in the upper area of a large range margin. Bitcoin, Litecoin, Ethereum are moving somewhat in tandem at this time. Crossover in the moving averages. But Ethereum could dip here based on large expectations on the protocol combined with a higher price that could send investors into ICOs and cheaper investments with higher ROI.
Intangibles: Still the leading Protocol for future blockchain projects. Neo, Nxt, Waves, are a few who currently have the same capabilities. Cardano and EOS claim superiority but have not fully launched yet. Steem's Smart Tokens have not fully hit the market yet. Even so, Ethereum continues to evolve and should remain a strong investment longterm.
Bitcoin $11300
Weekend Forecast: BULLISH short term, $12750. BEARISH longterm, $8000 by early Februrary.
Reasons: Daily MacD and RSI are bullish. Price rejected recent lows and currently supported by the 100 Moving Average. However, Bearish crossover in the moving averages. Previous support is now resistance. And there is still a simple trendline being respected in a bearish momentum to $8K. Combined with institutional calls by Warren Buffet, that institutional traders will listen to, price could continue slowly down. This is great news for investors.
Intangibles: Still the face of blockchain. Still heavily influences price of all crypto. Still the only one being traded within legacy markets.
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