Ethereum, Ripple, Cardano price analysis roundup

Ethereum, Ripple, Cardano price analysis roundup
фото показано с : invezz.com

2021-9-10 23:47

The cryptocurrency market remains under pressure this trading week, Bitcoin went below $43000 for a moment, and the risk of further declines is still not over. This situation also negatively influences the price of Ethereum ETH/USD, Ripple XRP/USD, and Cardano ADA/USD, and traders should be very careful when opening their positions.

If the price of Bitcoin falls again below the $45000 support level, it would be a firm “sell” signal, and this would add further pressure to the whole cryptocurrency market. Bank of Mexico Governor Alejandro Diaz de Leon said this Thursday that cryptocurrencies are high-risk investments and a poor store of value.

These comments suggest that Mexico will not be following El Salvador any time soon in adopting the digital currency as parallel legal tender.

“Whoever receives bitcoin in exchange for a good or service, we believe that (transaction) is more akin to bartering because that person is exchanging a good for a good, but not really money for good. People will not want their purchasing power, their salary to go up or down 10% from one day to another,” said Bank of Mexico Governor Alejandro Diaz de Leon.

Ethereum (ETH) continues to trade above $3000 support

Ethereum (ETH) has weakened from $4025 to $3015 in less than several days, and the current price stands around $3471.

Data source: tradingview.com

If the price falls below $3000 support, it would be a firm “sell” signal, and the next target could be around $2800. The risk of further declines is probably not over, but if the price jumps above $3700, we have the open way to $4000 resistance.

Ripple (XRP) is trading currently very close to the strong support level at $1

Ripple (XRP) is currently trading very close to the strong support level at $1, indicating that the price could weaken even more. If the price breaks this support level, it would be a very strong “sell” signal, and the next target could be around $0.80.

Data source: tradingview.com

Traders should use “stop-loss” and “take profit” orders when opening their positions because the risk is currently high. On the other side, if the price jumps above $1.35, that could be a very good opportunity for the short-term traders, and the next target could be around $1.50.

Cardano remains under pressure

Cardano (ADA) has weakened from $3.09 to $2.02 since the 02nd of September, and the current price stands around $2.5.

Data source: tradingview.com

There are some obvious risks when it comes to buying ADA these days, and if the price falls below $2 support, it will probably reach the $1.5 level soon.

Summary

All major cryptocurrencies have weakened this trading week, and this situation also pressures the price of Ethereum, Ripple, and Cardano. Bank of Mexico Governor Alejandro Diaz de Leon said this Thursday that cryptocurrencies are high-risk investments and a poor store of value.

The post Ethereum, Ripple, Cardano price analysis roundup appeared first on Invezz.

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usd ethereum → Результатов: 126


Анализ цен Bitcoin, Ethereum, XRP на 08.11.2021

Эта неделя началась со стремительного роста рынка в область недавних максимумов. Цена Ethereum уже успела обновить абсолютный рекорд до отметки 4740. 00 USD. BTC/USD В минувшую субботу цена биткоина после краткосрочной консолидации протестировала психологическую поддержку 60000.

2021-11-8 10:31


Анализ цен Bitcoin, Ethereum, XRP на 30.07.2021

Цена Bitcoin не смогла обновить месячный максимум, а Ethereum сегодня продолжил рост выше уровня 2450. 00 USD. Когда ожидать откат? BTC/USD Вчера быки не смогли продолжить рост цены биткоина к пятидесятипроцентному уровню фибоначчи.

2021-8-4 11:55


Анализ цены Ethereum Classic (26.06.18)

После крупного снижения ниже $15. 00, цена ETC нашла поддержку выше уровня $13. 00 по отношению к доллару США. Пара ETC/USD торговалась на уровне $13. 19 перед началом восходящей коррекции. ETC набрал обороты и поднялся выше сопротивления $14.

2018-6-26 12:28


Анализ основных криптовалютных пар на 11.06.2018

BTC/USD После того, как под воздействием бычьего импульса цена Bitcoin вышла из флэта, пара на снижении потеряла почти 13% и вчера установила минимум в точке 6627. 70 USD. Падение не было неожиданным, хотя такой интенсивности мало кто ожидал.

2018-6-11 10:42