Bitcoin, Ethereum and XRP Price Prediction: How Long Will Crash Continue?

2022-11-8 17:00

The Bitcoin (BTC) price is struggling to hold on above the support line of an ascending parallel channel while a significant Fib resistance level rejected the Ethereum price. The XRP price is still trading inside a neutral pattern.

Bitcoin Price Reaches Make-Or-Break Levels

The Bitcoin price has traded inside an ascending parallel channel since Sept. 21. Such channels usually contain corrective movements. As a result, a breakdown from it would be expected. 

Additionally, the daily RSI is breaking down from its bullish divergence trend line (green line). A clear RSI breakdown would be expected to precede a price breakdown. It will take the Bitcoin price back to the $18,300 horizontal support area if one occurs.

Conversely, a breakout from the channel at $21,480 (red line) would invalidate the bearish hypothesis.

BTC/USDT Chart By TradingView Ethereum Price Rejected by Fib Resistance

The Ethereum price has been increasing at an accelerated rate since breaking out from a descending parallel channel on Oct. 25. The increased led to a high of $1,680 on Nov. 4. Afterward, the ETH price was rejected by the 0.5 Fib retracement resistance at $1,611. It has decreased over the past 24 hours.

The Ethereum price has fallen since. The downward movement was preceded by bearish divergence in the RSI (green line). Currently, ETH is attempting to find support above the 0.5-0.618 Fib retracement support levels (black) at $1,373-$1,430. Whether it does so or break down could determine the future trend.

ETH/USDT Chart By TradingView XRP Price Consolidates Inside Neutral Pattern

Unlike the Ethereum and Bitcoin price, the same cannot be said for XRP, the global payments’ currency by Ripple Labs. XRP is still trading inside its symmetrical triangle pattern. For the trend to remain valid, the price has to hold on above the current low of $0.42. 

If so, a breakout would be expected that would take it above $0.60.

As a result, the trend will be determined by whether the XRP price breaks down below $0.42 (red line) or breaks out above $0.51 (green line).

XRP/USDT Chart By TradingView

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.

Disclaimer: BeInCrypto strives to provide accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. You comply and understand that you should use any of this information at your own risk. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.

The post Bitcoin, Ethereum and XRP Price Prediction: How Long Will Crash Continue? appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

ETH/LINK Price Action Candlestick Set (LINKETHPA) на Currencies.ru

$ 467.1 (+0.48%)
Объем 24H $0
Изменеия 24h: 0.85 %, 7d: 17.53 %
Cегодня L: $453.49 - H: $467.1
Капитализация $0 Rank 3676
Доступно / Всего 0 LINKETHPA

price bitcoin xrp ethereum fib significant parallel

Источник: beincrypto.com

price bitcoin → Результатов: 126


Фото:

Bitcoin To $240,000: Analyst Cites Key Narrative As Catalyst

Bitcoin price has fallen by over 10% after briefly touching its all-time high of $69,000, propelled by investors’ flood of money into BTC Spot Exchange-Traded Funds (ETFs). However, intense volatility surrounding the crypto asset’s price has triggered a rebound to the $68,000 mark, which highlights the return of positive enthusiasm, prompting predictions of a significant rally to an unprecedented height.

2024-3-9 19:00


Bitcoin approaches its $69k all-time high price: Should you start buying BTC-related projects?

Key takeaways BTC continues to trade around $62k as it closes in on its all-time high price. Bitcoin Dogs’ presale will end in 12 days and has already raised over $6.3 million Bitcoin eyes its all-time high price of $69k The crypto market was bullish this week, adding 20% to its value in the last […] The post Bitcoin approaches its $69k all-time high price: Should you start buying BTC-related projects? appeared first on CoinJournal.

2024-3-3 00:16


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Memeinator due to list on Uniswap and MEXC today

Key takeaways  The Memeinator presale has raised more than $7.7 million Memeinator is scheduled to list on both Uniswap and MEXC at 3pm UTC today A second staking pool also opened yesterday, offering up to 60% APY Memeinator will list on Uniswap and MEXC today With Memeinator wrapping up its presale after raising a staggering […] The post Memeinator due to list on Uniswap and MEXC today appeared first on CoinJournal.

Bitbot presale now in final stage, prepares for exchange listings

Key takeaways  The Bitbot presale is now in its final stage, with nearly $4 million raised so far. The team is already preparing to list the native token on crypto exchanges. Bitbot presale approaches its end The Bitbot presale is slowly coming to an end, with the last stage almost completely sold out.

Nomura partners with GMO to explore stablecoin issuance in Japan

Nomura Holdings and Laser Digital have partnered with GMO Internet Group on a new stablecoin-focused project. The companies will collaborate in the issuance, redemption and circulation of Japanese yen and US dollar-pegged stablecoins in Japan Nomura Holdings, the Japanese banking and investment giant, is teaming up with GMO Internet Group to explore the issuance of […] The post Nomura partners with GMO to explore stablecoin issuance in Japan appeared first on CoinJournal.