2019-1-19 15:39 |
XRP Price Analysis: XRP Daily & 4-Hour Charts
A look at the Daily chart for XRP shows that price has been moving in a symmetrical triangle for the past three months.
It is very close to the support line of the triangle, currently trading at $0.33.
Furthermore, the MACD is falling with diminishing power and is close to making a bullish cross.
However, the price is facing resistance from the 7,21,50 and 200-period moving averages.
On the right side, on the 4-hour chart, we can see that price is facing a short-term resistance line.
XRP Price Prediction:Thus, I believe that a breakout from the solid red line would start a rally with a short-term target at $0.36 (green line) and medium-long term target at $0.4
Dogecoin [DOGE] Price Analysis: Dogecoin [DOGE] Daily ChartA look at the daily chart for Dogecoin shows that price has fallen to the long-term support area at $0.002.While there has not been a lot of price movement these past two weeks, there is significant bullish divergence occurring in both the MACD and the RSI.
Dogecoin Price Prediction:Therefore, I believe the price will not break down of the support area and during the next month will make a rally to the medium-term resistance area at $0.0035-0.0037.
IOTA Price Analysis: IOTA Daily ChartA look at the daily chart for IOTA shows that after falling down to $0.2, the price started a rally which took it up to $0.4 and is now trading at $0.31.
While trying to break out of the Ichimoku cloud, price met resistance from the 50-period moving average and developed significant bearish divergence with the RSI.
Price retraced to the medium-term support area at $0.27.
Price is currently facing resistance from the 7 21 and 50 period moving resistances and the Ichimoku cloud. However, the projected cloud from February onwards is positive.
IOTA Price Prediction:Therefore, I believe that price will move sideways or drop down to the support area for a while, then start a rally up to the resistance area at $0.45.
Stellar Lumens [XLM] Price Analysis: Stellar Lumens [XLM] 12-Hour ChartA look at the 12-hour chart for XLM shows that price is trading at $0.1 and moving in a symmetrical triangle.Price is facing resistance from the 7, 21, 50 and 200 period moving resistance.
An interesting period to keep an eye on where price could break out is the 20-24 January date, which marks the end of the triangle and a positive Ichimoku Cloud projection.
XLM Price Prediction:There are some areas of the Ichimoku Cloud which are positive and I believe that price could break the resistance line and move to the next resistance area at $0.14
Dash Price Analysis: Dash Weekly ChartA look at the Weekly chart for DASH shows that price has fallen all the way to the support area at $60-70 and is now currently trading at $72.
The RSI is below 30 indicating oversold conditions.
Furthermore, three bearish crosses have occurred between the moving averages and price is below the 7, 21, 50 and 200 period moving averages.
However, there is significant bullish divergence developing in the MACD.
Dash Price Prediction:While there is not enough information to make an educated guess about where the price is going, I believe the price of Dash will move between the $60-70 and the $120-125 area for a while, before the market shows its hand.
Monero [XMR] Price Analysis: Monero [XMR] Daily ChartA look at the Daily chart for Monero shows that price is trading at $45 and is facing resistance from the 7,21,50 and 200-period moving averages and the Ichimoku Cloud.However, there is significant bullish divergence developing in the RSI, and the MACD is close to making a bullish cross.
Monero Price Prediction:Therefore, I believe the price of Monero will break the resistance line and start a rally to the top of the Ichimoku Cloud and the 50-period moving average at $75.
Neo Price Analysis: Neo Weekly Logarithmic ChartA look at the Weekly chart in logarithmic form for NEO shows that price is currently trading at $7.6.
Price is facing resistance from the 7, 21 and 50 period moving averages and the Ichimoku Cloud.
The RSI is at 35 indicating neither overbought nor oversold conditions.
Furthermore, the MACD is positive and increasing.
Neo Price Prediction:Therefore, I believe that in the short-medium term price will start a rally to the next resistance area which coincides with the 7-period moving average at $13.
Tron [TRX] Price Analysis: Tron Daily ChartA look at the Daily chart for Tron shows that price is currently trading at $0.024 within the $0.23-0.26 area of resistance.
Price developed significant bearish divergence with the RSI.
Furthermore, the MACD made a bearish cross and is currently falling.
Tron Price Prediction:Therefore, I believe that price will continue to fall to the support area at $0.015 by February 11.
XRP, Dogecoin, IOTA, XLM, Dash, Monero, Neo, Tron: Price Predictions, Jan 19 was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.
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