Bitcoin Ethereum and Ripple - BTC, ETH, XRP — Is Bullish Sentiment Over?
On Saturday the market has become more bearish as some of the best coins are in the red zone. Mainly half of them are under sellers & traders.
Below we provide the main information on Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP).
BTC into USD
Saturday price rolled back to the support area of $10,150 as mentioned in our recent price prediction. A recovery took place at medium volumes, and before the end of the day the pair approached the upper border of the ascending green channel. At might night the volumes fell down.
The pair is likely to break through the upper trend line of the rising channel and test the $10,500 resistance. A continuation of the rollback to the psychological level of $9990 will violate the predicted timing of the annual high in the $10,500 region.
ETH into USD
Ethereum (ETH) is trading in a completely different way from Bitcoin (BTC). The price of the major altcoin lose by 4.60% over the 24hr it was directe impact of bitcoin price.
On an hourly chart, Ethereum (ETH) has finished the correction period and is about to continue its bull run started in the starting of the year. The coin keeps trading within the ascending way towards the local peak at $299. Moreover the trading volume index confirms the ongoing bullish trend.
XRP into USD
Ripple (XRP) is also striving to maintain the bullish trend, rising above 1.90% over the last day
Although XRP is still dominated by bulls, the correction is about to start soon. First of all, it is confirmed by the declining trading volume. Moreover there is a bearish divergence on the RSI indicator. In this case the nearest support level is the $0.30 mark.
Thank you.
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