2019-1-26 17:09 |
XRP Price Prediction and Analysis: XRP Weekly Chart
A look at the Weekly chart for XRP shows that price is very close to the major support area at $0.30.
Price is trading below the 7 and 21 period moving averages.
Price tried to break from the resistance offered by the 7-period MA during the last week of 2019 but was immediately pushed back resulting in a Doji candle (yellow arrow).
There has been virtually no movement in the MACD for 8 weeks.
Currently the price is trading at $0.31.
If the $0.3 support area fails to support price, the next one will be found at $0.16-$0.18.
XRP 2-Hour ChartA look at the 2-hour chart for XRP gives more information about where price might be headed.
We can see that price tried to break the $0.325 level multiple times but got pushed back every time.
However, the price is creating significant bullish divergence in both the RSI and the MACD.
Price Prediction: I believe that during next week XRP will break the $0.325 resistance and head for $0.34
Stellar (XLM) Price Prediction and Analysis: Stellar (XLM) Weekly Logarithmic ChartA look at the Weekly chart for Stellar in logarithmic form shows that price is currently trading at $0.1, finding support at the 200-period moving average.
Price is very close to the $0.7 support area formed by the highs of 2017.
Price is currently trading below the 7, 21 and 50-period moving averages and the Ichimoku cloud.
The MACD is falling but losing its power, and seems likely to make a bullish cross.
Stellar (XLM) 4-Hour ChartA look at the 4-hour chart for Stellar gives more information about where price might be heading.
We can see that after a long period of developing bullish divergence, price broke out of a descending wedge and a small retracement ensued.
Price Prediction: I believe that during the next week price will head for the resistance at $0.11, after possibly validating the resistance line.
Tron (TRX) Price Prediction and Analysis: Tron (TRX) Weekly ChartA look at the Weekly chart for TRX shows that price has moved past the 7-period moving average and is now headed for the $0.033 resistance area which coincides with the 21-period MA.
Furthermore, the MACD is moving upward with strength and has almost turned positive.
Tron (TRX) 6-Hour ChartA look at the 6-hour chart for TRX shows that price is moving up while following a steady support line.
There is no bearish divergence in the RSI nor MACD, and both are moving up.
Price Prediction: Given this information, I believe during the next week price will head to the $0.32 resistance after possible retracing to the support line.
Cardano (ADA) Price Prediction and Analysis: Cardano (ADA) 3-Day ChartA look at the 3-day chart for ADA shows that price has just moved past the 7-period MA and is trading at $0.043.
Price is still below the 21,50,200 period MA and the Ichimoku Cloud.
The MACD is going up but is not yet positive, and it seems to be losing power.
Cardano (ADA) 4-Hour ChartA look at the 4-hour chart for ADA shows that after the drop from $0.54, price failed to break the 0.5 fib level and fell back to the support line.
There is no bullish or bearish divergence developing.
Price Prediction: I believe that during the next week price will break down from the support line and head for the support area at $0.32-$0.34
IOTA Price Prediction and Analysis: IOTA Daily ChartA look at the daily chart for IOTA shows that after a period of sustained bullish divergence, the price made an attempt to break out of the resistance provided by the Ichimoku Cloud and the 50-period MA at $0.4 but was promptly turned back.
The MACD is flattening and is almost ready to make a bullish cross.
The projected cloud in February is positive. Price is currently trading at $0.29
IOTA 4-Hour ChartA look at the 4-hour chart for IOTA shows that price is at the small support area of $0.27-$0.29.
There is significant bullish divergence developing in the RSI and the MACD.
Price Prediction: I believe that during the next week price will break out of the red resistance line and head for the fib resistances of $0.33 and 0.358 respectively.
Biggest Risers Prediction:After analyzing the price charts thoroughly I believe that the two biggest risers this week will be TRX and IOTA.
Price Predictions for the Top 5 Penny Cryptocurrencies: XRP, XLM, TRX, ADA & IOTA was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.
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