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Top 3 Price Prediction Bitcoin, Ripple, Ethereum: So close and yet so far from shining again

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  • XRP is in a decisive moment that will mark the way to the rest of cryptocurrencies.
  • ETH/USD resists consolidating advances and may attempt a bullish escape.
  • The BTC/USD is lagging further behind and yielding to bearish pressures.

 

Yesterday was a day of consolidation in the crypto sphere. This is good news as a broad segment of the market expected a bump to destroy the pump seen on Friday, but that did not happen.

Luckily for all those who go long what we are seeing is a consolidation in the upper end of the current price range. The negative data is that the pattern of behavior is not favorable to breaks when it is consolidating so close to the resistance.

According to the development phases, Ripple is the one that seems to be closer to reaching the resolution point, followed by Ethereum and finally by Bitcoin. If XRP fails, the rest will most likely fail as well.

In the quick analysis of the ETH/BTC pair, I see that it is also consolidating to a few points off the key level at 0.0338 ETH/BTC. Without this break, the market is not going to go higher.  On the contrary, if the current consolidation process leads to a loss of bullish strength, we will see it with the loss of the support level at0.0333 ETH/BTC.

 

 

The DMI on the 4-hour chart shows a structure that usually evolves towards an upward test of the ADX line by the dominant trend force. If this happens, we would see a bullish break that is probably very unstable.

BTC/USD 240 Minute Chart

 

The BTC/USD continues to weigh on the market as a whole with its lack of momentum.  Late Monday, it lost the support level at the $3,600 price level and is now at $3,556.

Below the current price, the first support is at $3,550 (price congestion support). This level is reinforced by the presence of the SMA200 at $3.533 and the EMA50 at $3.525. If the BTC/USD pair cannot hold above these price levels, the third support level, the fall would accelerate, and we would quickly see price levels around $3.460, where congestion support and the SMA100 converge.

Above the current price, the first resistance is at $3,600 (price congestion resistance), followed by the trend line that acts as the ceiling for the downstream channel at $3,675. The presence of a price congestion resistance at $3,688reinforces the strength and complicates the situation. Above this last level, a large gap would open until the next resistance at the $3,900 price level.

 

 

The MACD on the 4-hour chart shows a bearish cross profile but in the positive zone of the indicator. It is the typical consolidation setting that can be stretched over time longer than desirable.

The DMI on the 4-hour chart shows the bulls progressively losing ground, while the bears cheered up yesterday at the last minute and manage to move above the 20 levels of the indicator, which gives them considerable strength.

ETH/USD 240 Minute Chart

The ETH/USD pair is currently trading at the $120.22 price level, just above the $120 price congestion support level. The Ethereum is also in the full consolidation phase, although the development is different from what we have seen in Bitcoin.

Below the current price, the first support at the level is cited above is $120(congestion support). The second level of support is at the price level of $115 and converges on the one level of the price congestion support, the SMA200, and the EMA50. With these components, it is quite complicated for the ETH/USD pair to pierce it quickly, but if it does, the third level of support is at $109.50 and is the confluence of a price congestion support and the SMA100.

Above the current price, the first resistance level is at the price level of $130 (price congestion resistance), then the second level at $140 (price congestion resistance) and the third resistance level at $150 (price congestion resistance).

 

 

The MACD on the 4-hour chart points down, but with very little inclination, so a bullish spread cannot be ruled out. However, if the objective of the averages is to reach the zero level of the indicator, the trajectory may take many days if it does not accelerate in the consolidation fall.

The DMI on the 4-hour chart shows the bulls resisting to give up positions, while the bears do not show much desire to dispute their leadership.

 

XRP/USD 240 Minute Chart

 

The XRP/USD is currently trading at the $0.299 price level. The XRP is one of the tees that shows the most advanced pattern. The resolution, in this case, will be seen in the next hours and will serve as an example of what we can see in Bitcoin and Ethereum in the following sessions.

Below the current price, the first support is $0.293 (support for price congestion). The second support level is $0.288 (price congestion support) while the third support level is $0.285 (price congestion support).

Above the current price, the first resistance level is at the $0.302 price level where the SMA100 and the EMA50 converge. The second resistance level is at $0.308(price congestion resistance) which is reinforced by the presence of the SMA200 at $0.314. The third resistance level is $0.334 (price congestion resistance).

 

 

The MACD on the 4-hour chart has fully developed the consolidation pattern and already rests on the zero lines of the indicator. This level is the most common to start a new upward stretch.

The DMI on the 4-hour chart shows an absolute balance between bulls and bears, both slightly above level 20. Either side that wins the encounter will emerge strongly from the battle.

Source: fxstreet

Cryptocurrencies

Top 3 price prediction Bitcoin, Ripple, Ethereum,: Altcoins’ pre-season knocks on doors

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  • Ethereum presents its candidacy to lead a positive turn in markets after magnificent behavior.
  • Bitcoin resists over $10,000 but loses pace against Ethereum.
  • XRP ignores the moment and disassociates itself from the Altcoin segment. Should it be considered as such?

As is customary in the Cryptocurrencies market, weekend trading results in significant movements. On this occasion, it is the Altcoin segment – and especially Ethereum –  that opens Monday’s session with a considerable gain over Friday’s close.

From a technical perspective, the most remarkable thing is the excellent performance of the ETH/BTC pair, breaking above the 0.018 level and advancing quickly towards 0.019.

It is an excellent time to remember that the ETH/BTC pair has, on the weekly chart, the simple average of 100 periods at the 0.047 level. This target would mean multiplying by 2.5 times the Bitcoin value of our Ethereum portfolio. Not a bad business!

ETH/BTC Daily Chart

ETH/BTC is currently trading at the price level of 0.01884, where the presence of the 50-period exponential moving average has halted the bullish development. This price level also coincides with resistance due to price congestion, which adds difficulty to the obstacle.

How the ETH/BTC pair moves in the next few hours will provide us with relevant information on the genuine buyer interest after the gains seen in the past three days.

Above the current price, the first resistance level is at 0.0189, then the second at 0.020 and the third one at 0.022.

Below the current price, the first support level is at 0.0185, then the second at 0.018 and the third one at 0.0173.

ETHBTC

The MACD on the daily chart improves the bullish profile as it increases inclination and openness between the lines. Moving averages are close to the zero levels of the indicator, which makes it difficult for the pair to advance. 

The DMI on the daily chart clearly shows how the bulls have gained strength and reach a significant level of trend strength. The inclination of the D+ proposes the bullish continuity in the short term. 

BTC/USD Daily Chart

BTC/USD is currently trading at $10,318 price level. The market is ignoring King Bitcoin in the last few days of rallies. It is a behavior that goes against the maximalists who predict the end of the Altcoin segment. 

The structure of the daily chart for BTC/USD remains very weak. The price below the main moving averages but showing few options to beat them and join the Ethereum getaway and return the Moon to the headlines.

Above the current price, the first resistance level for BTC/USD is at $10,450, then the second at $10,675 and the third one at $11,300.

Below the current price, the first level of support is at $9,700, then the second at $9,150 and the third one at $8,800.

BTC/USD

 The MACD on the daily chart shows how the average level of the indicator has worked for the time being. Moving averages lose openness between them as well as bullish inclination. 

The DMI on the daily chart shows a technical tie, with a slight advantage for the bears – a very different scenario to the one we have seen in ETH/BTC. 

ETH/USD Daily Chart

ETH/USD is currently trading at $194.6 after reaching an exponential average of 50 periods in Asian trading hours, where the rally has come to a halt.

The structure of the moving averages indicates high probabilities that the bullish turn of Ethereum will continue, and the Prince of Altcoins can move up quickly.

Above the current price, the first resistance level is at $195, then the second at $200 and the third one at $206.

Below the current price, the first support level is at $190, then the second at $180 and the third one at $170.

ETHUSD

The MACD on the daily chart has improved since last Friday. The bullish profile has grown and has the necessary degrees of inclination to be able to overcome without problems the level 0 of the indicator. Line spacing is also improving.

The DMI on the daily chart shows bulls taking advantage of bears. The bulls are above level 20 and give an active trend signal, while the bears suffer the opposite — both sides of the market move below the ADX line, which will limit the development of both.


XRP/USD Daily Chart

XRP/USD is currently trading at $0.262 and continues to show extremely worrisome weakness. The way XRP ignores market movements confirms the initial idea that this asset should not belong in this category. If it was used to capitalize on the parent company, it should be considered equity participation.

Above the current price, the first resistance level is at $0.268, then the second at $0.28 and the third one at $0.288.

Below the current price, the first support level is at $0.258, then the second at $0.25 and the third one at $0.24.

XRPUSD

The MACD on the daily chart continues to show a mild bullish profile. It has not improved and continues to approach the average level of the indicator with a profile with few options of getting an upward cross.

The DMI on the daily chart shows how the bears continue to dominate the XRP/USD pair. The bulls show a definite improvement over Friday but insufficient to stand up to the selling side.

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Top 3 Coins to Watch September 16 – September 22, 2019

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As we move through September, and continue to move into the second half of the year, this week’s choices are set to benefit from significant developments and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.   

1. Dash (DASH) 

Dash DASH, -0.71% was created in January 2014, and uses a blockchain which is similar to Bitcoin’s but which has a number of advanced features such as instant and private transactions. Dash also allows coin-holders and master-node operators to have a say in how funds are spent and on which projects the Dash development team should focus their efforts. Approximately 19 million coins will be created eventually, with new coins awarded to miners who help to secure the network. 

Why Dash?  

The Dash Convention Europe is set to take place from September 28 to September 30, and the tree day summit comprises of events being held in both Zurich and Munich. The convention will bring together a number of influential members of the Dash ecosystem, and also act as a central hub for any of the latest development announcements. Sentiment around the project should remain on a high with, DASH also scheduled to launch on Coinbase Pro on September 16 at 10am Pacific Standard Time. The exchange will begin accepting DASH deposits for at least 12 hours prior full trading begins at 9am PST on Tuesday, September 17.

2. Ethereum Classic (ETC)

Ethereum Classic ETC, -1.59% is a smart contract platform that was born as a spin-off of Ethereum following a large-scale theft of ether as a consequence of The DAO, a decentralized organization, being hacked in 2016. The fork occurred after the Ethereum Foundation disagreed on how the incident should be handled. Following the hard fork, all ETH holders were issued with an identical amount of ETC and the two cryptos went their separate ways. 

Why Ethereum Classic?  

Ethereum classic has successfully implemented its scheduled “Atlantis” hard fork which took place at block height 8,772,000. Atlantis consists of 10 Ethereum Improvement Proposals (EIPs) that include improvements to stability, Op-code upgrades, precompiled contracts, performance-related improvements, enhanced security, and precompiled contracts to improve Zk-Snarks. ETC now also adopts Ethereum’s Byzantium and Spurious Dragon protocol upgrades which aids compatibility across both networks. The hard fork requires all software users to upgrade their clients and helps ETC to keep up with the Ethereum network.

3. Lisk (LSK)

Lisk LSK, -2.31% aims to make it easy for anyone to build their own blockchain, and the Sidechain Development Kit are free, open source, and written in JavaScript. The project also makes use of a Distributed Proof of Stake mechanism that sees blocks created every 10 seconds, and Lisk has a partnership with Microsoft, and the Azure Blockchain uses Lisk for its cloud computing infrastructure.

Why Lisk?       

The team have announced the end of their Community Fund and will be reimbursing initial donations. Funds sent over remain in escrow accounts, and remained intact throughout the entire duration of the Community Fund. Beginning on September 18, the Lisk Foundation will begin the reimbursement process, and will contact all donors in order to confirm their Lisk address is still valid. After receiving confirmation, donations will be sent back to the original address.

How did the coins perform last week?  

The seven-day period led to mixed results across the market and last week’s coins to watch did not perform well throughout the week. Bitcoin BTC, -1.12% lost 2% in value and is currently trading at around $10.300. VITE VITE, -3.26% fell by around 15% in value, and is currently trading at $0.01 and Metal MTL, -5.30% also fell by around 14% in value and is currently trading at $0.33. Over the course of the week, the market moved sideways and fluctuated around $266B.  

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TOP 3 Price Predictions: BTC, ETH, XRP — Levels to Pay Attention After A Weekend of Stagnation

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Do altcoins have enough strength to keep Bitcoin under the 70% dominance index for a long time?

The weekends passed smoothly for the cryptocurrency market against the low level of volatility. Altcoins managed to pull back the dominance index of Bitcoin to the area below 70%. Most of the coins are located in the green zone, except for BTC, XRP, and Binance Coin.

Top 10 coins by coinstats

Top 10 coins by Coinstats

The key data of the top 3 coins are looking the following way.

NameTickerMarket CapPrice Volume (24h)Change (24h)
BitcoinBTC$185 754 928 049$10 355,01$12 087 536 766-0,18%
EthereumETH$20 978 345 507$194,67$6 505 996 8482,93%
RippleXRP$11 327 393 921$0,263278$833 934 738-0,32%

BTC/USD

Our recent Bitcoin price analysis has not come true yet, as the coin keeps located within the same price range. Yesterday’s trading volumes were below average, and the pair consolidated in a very narrow range, step by step decreasing to the four-hour EMA55. The price volatility has not exceeded 2% over the past day.

BTC/USD 4-hour chart

BTC/USD chart by TradingView

On the 4H chart, Bitcoin is struck between $10,300 and $10,400. The declining level of the trading volume confirms the short-term price drop to the nearest support at $10,100. This mark is about to be reached until September 11.👉MUST READ

Bitcoin is trading at $10,304 at press time.

ETH/USD

Ethereum has started its rise earlier than we predicted in our recent forecast and the leading altcoin is moving confidently to the $200 mark.

ETH/USD 4-hour chart

ETH/USD chart by TradingView

According to the chart, bulls are becoming more active, pushing the rate to the critical $200 level. The MACD indicator also suggests the upcoming growth. However, the rise will be accompanied by slight corrections to the point around $190 as it is outlined on the chart.

Ethereum is trading at $193.38 at press time.

XRP/USD

XRP is the biggest loser out of the top 3 coins, as its rate has dropped by around 0.5% over the last day.

XRP/USD 4-hour chart

XRP/USD chart by TradingView

XRP is about to repeat the earlier scenario when the rate went down after a bullish candle. In this regard, the price might go back to the support at $0.25 shortly. The relatively low level of trading volume confirms such a movement.👉MUST READ

XRP is trading at $0.2621 at press time.

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