2019-1-27 20:04 |
XRP Price Analysis: XRP Daily Chart
A look at the Daily chart for XRP shows that price is currently trading at $0.31, very close to the support line of the symmetrical triangle it has been trading in for the past six months.
Price is trading below the 7, 21, 50 and 200-period moving averages and the Ichimoku cloud.
Furthermore, the MACD seems to have rejected a bullish cross and is now getting ready to continue its fall.
If price breaks down, the next level of support will be found at $0.14-$0.17.
XRP 2-Hour ChartA look at the 2-hour chart for XRP shows its most recent drop.
Even though the price was forming a solid support line at $0.318 and creating significant bullish divergence, price broke down creating a sharp, quick drop to $0.311.
XRP Price Prediction:I believe that during this week price will consolidate near the green support line at $0.3, preparing to either make a move upward to the $0.4 resistance or break down to the next level of support at $0.14-$0.17
Dogecoin [DOGE] Price Analysis: Dogecoin Daily ChartA look at the Daily chart for Dogecoin shows that price is still trading at $0.02 and has been doing so for a while.
Price is in the long-term support area, and it is developing significant bullish divergence in the RSI.
The MACD has made a bullish cross, but it is worth noting that there has been minimal movement in it for the past two weeks, indicating a lack of strength in the market from both bears and bulls.
Dogecoin Price Prediction:I believe that price will not break down from the $0.02 support area, and after a period of consolidation will eventually make a move upward to the resistance area at $0.028-$0.029.
IOTA Price Analysis: IOTA Daily ChartA look at the Daily chart for IOTA shows that price is trading at $0.28, very close to the $0.26-$0.28 support area.
Price is below the 7,21,51 and 200 period moving averages and the Ichimoku cloud. Furthermore, a bearish cross has almost occurred between the 7 and 21 period MAs.
However, the projected cloud from February onwards is positive. Also, the MACD is straightening and might be getting ready for a bullish cross.
If the support area does not hold, the next one will be found at $0.2.
The next significant resistance area is at $0.44-$0.46.
IOTA 4-Hour ChartA look at the 4-hour chart for IOTA shows that price is very close to the support area and following a descending resistance line
IOTA Price Prediction:I believe that during the next week price will break out of the resistance line, and head for the short-term resistance provided by the 0.5 and 0.88 fib ratios at $0.325 and $0.36 respectively.
Stellar Lumens [XLM] Price Analysis: Stellar (XLM) 3-Day ChartA look at the 3-day chart for Stellar shows that price is close to the final resistance at $0.08-$0.1.
Price is trading below the 7, 21, 50, 200 period moving averages and the Ichimoku Cloud.
However, the price is developing significant long-term bullish divergence in the RSI, and the MACD has made a bullish cross and is going up.
XLM Price Prediction:I believe the support area will hold and during the next month, the price will start an upward move to the medium-term resistance area at $0.13-$0.14.
Dash Price Analysis: Dash Weekly ChartA look at the Weekly chart for Dash shows that price is trading at $71, close to the $50-$60 area of support.
Price is trading below the 7,21,50 and 200 period moving averages which have made numerous bearish crosses.
However, there is bullish divergence developing in the MACD, which has also made a bullish cross and is heading upward.
It is worth noting that there has been virtually no movement in the MACD for the past month.
Dash Daily ChartA look at the Daily chart shows that the 7 and 21 period MAs rejected a bullish cross and are now falling.
I believe that DASH will consolidate or even drop to the support area at $50-60 in the short-term, before eventually making an upward move to the resistance area at $130-$140
Monero [XMR] Price Analysis: Monero (XMR) 3-Day ChartA look at the 3-day chart for XMR shows that price is close to the $30-$35 support area and is facing very close resistance from the 7-period moving average.
Furthermore, the price is trading below the 7,21,50,200 period MAs and the Ichimoku Cloud.
Monero (XMR) 4-HourA closer look at the 4-hour chart shows that price is moving in a symmetrical triangle for the past 50 days.
Monero Price Prediction:A break down would put the $30-$35 support area in play, while a break out (green) could take us to the resistance at $75-$85.
Neo Price Analysis: Neo 3-Day ChartA look at the 3-day chart for NEO shows that price is currently trading at $7.4, below the 7-21,50,200 period moving averages and the Ichimoku Cloud.
Furthermore, the price is facing very close resistance from the 7-period MA.
However, the MACD is going up, almost positive and the RSI has developed a small amount of bullish divergence.
Neo Price Prediction:I believe that in the mid-term price will start a rally to the resistance at $14-$16, which coincides with the Ichimoku Cloud.
Tron [TRX] Price 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 resistance area at $0.0031-0.033 which coincides with the 21-period moving average.
Furthermore, the MACD is going up with power and is almost positive.
Tron Price Prediction:I believe the price of TRX will head for the $0.031-$0.033 resistance during the next few days before retracing.
XRP, Dogecoin, IOTA, XLM, Dash, Monero, Neo, Tron: Price Predictions, Jan 27 was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.
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