Ethereum Price Analysis: ETH Could Extend Its Downtrend Below $190

Ethereum price started an upside correction from the $189.35 low vs the US Dollar. ETH to USD is facing many hurdles above $204.50 and it is likely to resume its downtrend in the near term.

Key Takeaways: ETH/USD

  • Ethereum price is trading in a bearish zone below the $204.50 and $207.75 levels against the US Dollar.
  • ETH/USD broke a key contracting triangle with support near $199.60 on the 2-hours chart (data feed from Bitstamp).
  • Bitcoin price is down more than 3% and it is likely to dive below the $7,750 level

Ethereum Price Analysis

In the past few day, there were mostly downsides in Ethereum price below the $215.00 and $204.50 levels. ETH to USD even broke the $200.00 support area and traded to a new monthly low at $189.35.

Ethereum Price
Ethereum Price

Looking at the 2-hours chart, Ethereum price settled well below the $204.50 pivot level and the 50 simple moving average (2-hours, purple). Recently, there was an upside correction above the $200.00 level.

The price made an attempt to surpass the 23.6% Fib retracement level of the downward move from $252.65 to $189.35, but it failed. It seems like the $204.50 and $205.00 levels are important barriers for the bulls.

As a result, Ethereum price broke a key contracting triangle with support near $199.60 on the same chart. The price is now trading well below the $204.50 level. An initial support is near the $194.50 level, below which there is a risk of more losses towards the $189.35 level.

Any further losses may perhaps lead the price towards the $188.50 and $182.50 levels in the near term. Conversely, the price must gain traction above $204.50 to start a decent recovery.

The next hurdles are near the $207.80 level and the 50 simple moving average (2-hours, purple). The main resistance above the 50 simple moving average (2-hours, purple) is near the 50% 50 simple moving average (2-hours, purple) at $221.00.

Overall, Ethereum price is trading in a bearish zone below $204.50 and $207.80. Therefore, there is a risk of more losses below $192.00 and $189.35 unless there is a clear break above $207.80.

Read Original/a>
Author: Aayush J

Here’s How Bitcoin Bull Run Will Start at $20,000

  • CNBC call for a 17% upside in bitcoin price
  • A wave of investors driven by FOMO will enter when we break into a new high
  • Bitcoin’s investment flow presently growing an order of magnitude (10x) every 4 years – on-chain analyst

Bitcoin price is still hovering around $10,250, not continuing the momentum but not sliding down either.

However, with CNBC making a call for a bitcoin boom, it might be time to get ready for a drop as CNBC’s call for bitcoin works as a reverse indicator.

According to the mainstream media outlet, despite bitcoin’s pull back above $10,000, the rally is far from over. MKM Partners chief market technician JC O’Hara told CNBC on Wednesday,

“When we look at cryptos as a whole, they tend to trade in two distinct phases. The first being dormant consolidation, which is followed by phase two, which is a high-momentum phase.”

“When you look at bitcoin we’re starting to see signs that the dormant consolidation from the second half of last year is slowly starting to change in terms of positive bullish momentum here.”

CNBC: A 17% Upside Coming

On a year-to-date basis, the world’s leading cryptocurrency has surged over 38% after finding a bottom in December. Ever since then, bitcoin has been on a steady rise. O’Hara said,

“We broke out of the downward sloping trend channel. We’re breaking above the $10,000 psychological level, and we’re of the opinion that positive momentum will continue to follow positive momentum. So that’s why we think in the short term we could see $12,000 on bitcoin.”

Currently, bitcoin is trading at $10,250 and a move to $12,000 would imply an upside of 17% from the current levels. Back in July, last year bitcoin briefly topped at $13,900 but we have yet to break into an all-time high.

Open field above $20,000

Bitcoin, the best performing asset of the decade with an upside of nine million percent would pull in another wave of investors driven by FOMO when we break into a new high, according to Jake Chervinsky, Counsel at Compound Finance.

Bitcoin remains a speculative asset for the newbies, he said while sharing his first foray into bitcoin which was after the flagship cryptocurrency made an ATH during the bull market of 2017 at $3k despite having heard of it in 2015. And this is why the bull market will start at $20,000. Vijay Boyapati said,

“Once the prior all time high is breached, there is no longer an overhang of supply. The price is free to run wild in an “open field”. This is when Bitcoin’s price appreciation begins to accelerate apace.”

Bitcoin making new all-time highs, Boyapati explained last June, will trigger a “feeding frenzy,” that will see media attention returning and new entrants attracted by the “allure of quick profits” which in turn even drive prices higher even faster. And that’s when the price will “eventually reach a crescendo top.”

Still too early to be an alternative to traditional stocks?

Mark Tepper, president of Strategic Wealth Partners, is also dipping a toe into bitcoin as he shared with CNBC,

“Overall, we’re seeing investors just continue to diversify away from traditional stocks and bonds towards alternatives. Bitcoin could fit into that alternative sleeve, but I still think it’s a little too early.”

Tepper holds bitcoin but hasn’t become a believer yet because according to him, it is “not an investment just yet still a speculative play.

However, on-chain analyst Willy Woo noted, in 2019 Visa processed $8.8T through their network while Bitcoin processed $727b meaning Visa accounts for 10% world GDP (payments) and Bitcoin 1%. Analyst Woo said,

“Bitcoin’s investment flow (aka annual investment velocity) is presently growing an order of magnitude (10x) every 4 years.”

Read Original/a>
Author: AnTy

A Break Below $10,100 Means Bitcoin Bulls Are in ‘Big Trouble’ While Above $12k is ‘Hot Air Territory’

  • An upside trap before downward continuation, expected target $9,700
  • Large accumulation happening after big players took profit at 2019 high
  • If Bitcoin breaks above $12,000, bulls will be back into the beast mode
  • The upside is “considerably larger than the downside”

On August 16th, the Bitcoin price broke above $10,000 and since then has remained above this level.

Analysts and traders are still calling out for bears and expecting a drop soon.

TraderX0X0 says Bitcoin monthly is holding well but nothing is clear at the moment. While he is not looking for longs, possible shorts from a break or close below monthly.

Currently, BTC/USD is trading at $10,400 with 24-hours gains of 0.59%. But trading volume is back to falling at $634.5 million, as per Messari.

An Upside Trap Before Downward Continuation

On the initial move, bitcoin is most likely to break to the upside as an ascending triangle but this is expected to be a bull trap, said trader Jonny Moe.

An upside trap means downward continuation that will take us to $9,700.

According to analyst The Cryptomist, Bitcoin has broken down a rising wedge and now we are testing sym triangle resistance.

“If we break below, (approx 10.1k) then bulls are in big trouble,” she said.

The Cryptomist has previously emphasized on the gap left by CME Group’s Bitcoin futures being the force behind Bitcoin’s drop to $8,500.

However, a drop to this level means 50% retracement of 2019 high move.

As for the gaps, they are not meant to be filled, said economist and trader Alex Kruger.

“Even though gaps often fill, gaps are not meant to be filled. Gap filling is a combination of random variations (price moves), self-fulfilled prophecy (traders assign value to gaps), and lack of support/resistance within gaps (i.e. no trades inside),” explained Kruger.

Large re-accumulation Happening

Despite it being a weekend, Bitcoin is doing nothing new.

We are still waiting for a close below $10,025 that would lean to bearish while a close above $10,800 is bullish for the leading cryptocurrency, said crypto investor and trader Josh Rager.

And if Bitcoin breaks above $12,000, bulls will be back into the beast mode.

“Above 12K price enters hot air territory i.e. little resistance. Price will eventually break out and go vertical before starting to fill in,” said Kruger.

In a separate analysis, Rager shared how the current Bitcoin price movement looks like “one large re-accumulation” happening after big players took profits at $13,900, the 2019 high in late June.

According to him, the price could drop down again but “highly unlikely” that it falls below 20 MA, at high $8ks currently.

In the short term, a drop is expected but the bigger picture is much larger.

“$BTC will eventually break through $20K, in 2020 or 2021, and once it does, it should trade $30K, $40K and $50K fast,” Kruger said.

Read Original/a>
Author: AnTy

Bitcoin Price Prediction Today: Daily (BTC) Value Forecast – July 31

Bitcoin Hits 15-Months High, $10,000 BTC/USD Exchange Rate Value is Next Stop
  • On the upside, if the bulls break above the EMAs, the crypto’s price will rise and retest the $13,000 price level.
  • The BTC price is trading at $10,100 as at the time of writing.

BTC/USD Medium-term Trend: Ranging

  • Resistance Levels: $10,000, $10, 200 ¸ $10,400
  • Support levels: $9,000, $8,800, $8, 600

Yesterday, July 30, the BTC price was in a bullish trend as it broke the 12-day EMA and it is approaching the 26-day EMA. The support level of $9,000 was tested as the bulls made an upward move and broke the 12-day EMA.

The BTC price is trading at $10,100 as at the time of writing. On the upside, if the bulls break above the EMAs, the crypto’s price will rise and retest the $13,000 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in a bullish trend. The crypto’s price is making a series of higher highs and higher lows. The BTC price is expected to rise because it is above the 12-day EMA and 26-day EMA.

Meanwhile, the MACD line and the signal line are below the zero line which indicates is a buy signal. The BTC price has risen and it is facing resistance at the $10,100 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

Bitcoin’s price is $10,051.90 BTC/USD exchange rate today. The real-time BTC market cap of $179.42 Billion currently ranks #1 with a chart dominance at 64.73%, daily trading volume of $5.64 Billion and live coin value change of BTC 4.87 in the last 24 hours.

Today’s Latest Bitcoin Price Analysis, Chart Forecasts and Industry News

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \ Investment Disclaimer

Read Original/a>
Author: Azeez Mustapha

XRP Price Prediction Today: Daily (XRP) Value Forecast – July 30

FOIL Request Denied by NYDFS Puts Ripple’s Subsidiary (XRP II, LL) in a Hot Dispute
  • The Coin is also in its previous range between the levels of $0.28 and $ 0.34.
  • On the upside, if the bulls break above the 12-day EMA and the 26-day EMA, the coin will face resistance at the $0.34 price level.

XRP/USD Medium-term Trend: Ranging

  • Resistance Levels: $ 0.44, $0.46, $ 0.48
  • Support Levels: $0.31, $0.29, $0.27

Yesterday, July 29, the XRP price was in a range bound move below the 12-day EMA and the 26-day EMA. The Coin is also in its previous range between the levels of $0.28 and $ 0.34. Today, the XRP price is in a bullish trend. On the upside, if the bulls break above the 12-day EMA and the 26-day EMA, the coin will face resistance at the $0.34 price level.

On the other hand, if the bulls fail to break the EMAs, the crypto’ price will continue its range-bound move between the levels of $0.28 and $0.34 price levels. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

XRP/USD Short-term Trend: Bullish

On the 1-hour chart, the XRP price is in a bullish trend. The 12-day EMA and the 26-day EMA were trending horizontally but are now pointing northward. Today, the bulls break above the EMAs and are reaching the high of $0.32 price level.

The Coin was facing resistance at the $0.32 price level as it retraced to the support of the EMAs. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

XRP’s price is $0.32 XRP/USD exchange rate today. The real-time XRP market cap of $13.67 Billion currently ranks #3 with , daily trading volume of $202.78 Million and live coin value change of XRP 2.61 in the last 24 hours.

Latest Ripple Industry News and XRP Coin Analysis Updates

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. “

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \ Investment Disclaimer

Read Original/a>
Author: Azeez Mustapha

DASH Price Prediction Today: Daily (DASH) Value Forecast – July 26

DASH-Soars-by-32-4-as-Protocol-Update-Looms
  • On the upside, if the bulls break the EMAs, the crypto’s price will rise and retest the $180 resistance level.
  • On the downside, if the bearish pressure continues, the crypto’s price will fall either to the $90 or $100 price level.

DASH/USD Medium-term Trend: Bullish

  • Resistance Levels: $160, $170, $180
  • Support levels: $110, $100, $ 120

Yesterday, July 25, the price of DASH was in a range bound move below the 12-day EMA the 26-day EMA. Before this time, the DASH market had been on a downward correction after the resistance at the $180 price level. On July 16, the downtrend was corrected at the $100 price level. At the $100 support level, the bulls made an upward move to break above the EMAs but were resisted.

On the upside, if the bulls break the EMAs, the crypto’s price will rise and retest the $180 resistance level. On the downside, if the bearish pressure continues, the crypto’s price will fall either to the $90 or $100 price level. Meanwhile, the DASH market is at the oversold territory of the daily stochastic but above the 20% range. This means that price is in a bullish momentum and a buy signal.

DASH/USD Short-term Trend: Bullish

On the 1-hour chart, the DASH price is in a bullish trend. The 12-day EMA and the 26-day EMA are trending northward. The crypto’s price is above the EMAs indicating the price is likely to rise .The price of Dash is characterized by small body candlesticks which describe indecision between the buyers and the sellers at the current market price.

Nevertheless, the DASH market has reached the overbought region but above the 80% range of the daily stochastic indicator. This indicates that the DASH price is in a bullish momentum and a buy signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

Read Original/a>
Author: Azeez Mustapha

EOS Price Prediction Today: Daily (EOS) Value Forecast – July 22

Could the Next EOS Announcement by Block.One Be for A #B1 Social Network of Their Own?
  • On the upside, if the $3.60 support level holds, the crypto’s price will rise and break above the EMAs.
  • The price of EOS has reached the oversold region of the market as the buyers emerged from  a low of $3.30 price level.

EOS/USD Medium-term Trend: Bearish

  • Resistance levels: $ 6.50, $7.00, $7.50.
  • Support levels: $5.00, $4.50, $4.00.

Last week the price of EOS was in a bearish trend. The price of EOS has reached the oversold region of the market as the buyers emerged from  a low of $3.30 price level. The EOS market fell to the previous low of March 8. Yesterday, the market fell to the low of $3.60 price level and the support is holding.

On the the downside, if the bears break the $3.60 support level, the coin will further depreciate to a low at $3.0 price level. Meanwhile, the price of the EOS market is in the oversold region of the daily stochastic but above 40% range. This indicates that price is in a bullish momentum and a buy signal.

EOS/USD Short-term Trend: Bullish

On the 1-hour chart, the price of EOS is in a bearish trend. The 12-day EMA and the 26-day EMA are sloping southwardly. On July 16, the bears broke the EMAs and price fell to a low at $3.60 price level.

The $3.60 support level was holding as the bulls made an upward move above the EMAs. Meanwhile, the price of the EOS market is in the overbought region of the daily stochastic but below 20% range. This indicates that price is in a bearish momentum and a sell signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

Read Original/a>
Author: Azeez Mustapha

Bitcoin Price Prediction: Long-term (BTC) Value Forecast – July 20

  • On the upside, if the bulls break above the EMAs, the crypto’s price will rise to retest the $13,000 resistance level.
  • On the other hand, if the bulls fail to break above the EMAs,  the crypto’s price  will commence a range bound move below the EMAs

BTC/USD Long-term Trend: Ranging

Resistance  $10,500, $11,000, $11,500
Support levels: $10,000, $9,500, $9,000

The BTC/USD pair had been trading in the bearish trend zone after facing resistance at the $13,000 overhead resistance level. On July 10, the BTC price reached a high of $13,000 but was resisted. The bears broke the 12-day EMA and the 26-day EMA as the price fell to the bearish trend zone. In the previous resistances, the price fell within the bullish trend zone. On the upside, if the bulls break above the EMAs, the crypto’s price will rise to retest the $13,000 resistance level.

On the other hand, if the bulls fail to break above the EMAs.  the crypto’s price  will commence a range bound move below the EMAs,Meanwhile, the MACD line, and the signal line are above the zero line which indicates a buy signal.

Bitcoin’s price is $10,998.86 BTC/USD exchange rate today. The real-time BTC market cap of $196.09 Billion currently ranks #1 with a chart dominance at 65.18%, daily trading volume of $6.99 Billion and live coin value change of BTC 4.70 in the last 24 hours.

Today’s Latest Bitcoin Price Analysis, Chart Forecasts and Industry News

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

Read Original/a>
Author: Azeez Mustapha

Bitcoin Price Prediction Today: Daily (BTC) Value Forecast – July 19

Bitcoin Hits 15-Months High, $10,000 BTC/USD Exchange Rate Value is Next Stop
  • On the upside, if the bulls break above the EMAs, the crypto’s price will rise and resume its bullish trend.
  • The BTC price had been hovering above the $9,400 price level in the last three days.

BTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $10,000, $10, 200 ¸ $10,400
  • Support levels: $9,000, $8,800, $8, 600

Yesterday, July 18, the price of Bitcoin was in a bullish trend. The BTC price had been hovering above the $9,400 price level in the last three days. The market made an upward move to break above the 12-day EMA and the 26-day EMA but was resisted at the 26-day EMA. On the upside, if the bulls break above the EMAs, the crypto’s price will rise and resume its bullish trend.

It is most likely the bulls will retest the $13,000 resistance level. However, if the bulls fail to break above the EMAs, the BTC market will continue its range bound move above the $9,400 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates is a buy signal.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price has resumed its upward move above the EMA. The 12-day EMA and the 26-day EMA are pointing northward indicating that price is rising. The BTC market has earlier fallen to the lows of $9,200 and $9,400 on July 17 and 18 respectively before breaking above the EMAs.

In the bullish trend zone, the market reached $10, 800 price level but was resisted. The price has fallen and it is trading below the EMAs. Meanwhile, the MACD line and the signal line are above the zero line which indicates is a buy signal.

Bitcoin’s price is $10,518.50 BTC/USD exchange rate today. The real-time BTC market cap of $187.5 Billion currently ranks #1 with a chart dominance at 65.64%, daily trading volume of $8.23 Billion and live coin value change of BTC -1.45 in the last 24 hours.

Today’s Latest Bitcoin Price Analysis, Chart Forecasts and Industry News

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

Read Original/a>
Author: Azeez Mustapha

XRP Price Prediction Today: Daily (XRP) Value Forecast – July 18

Ripple Price Analysis: Fundamentals Are Bullish, XRP Drops To 40 Cents in a Retest
  • On the upside, if the bulls break above the EMAs, the crypto’s price will rise to retest the $0.40 and $0.46 resistance levels.
  • The XRP market reached its low at the $0.28 price level.

XRP/USD Medium-term Trend: Bearish

  • Resistance Levels: $ 0.44, $0.46, $ 0.48
  • Support Levels: $0.31, $0.29, $0.27

Yesterday, July 17, XRP price was in a bullish trend. The XRP market reached its low at the $0.28 price level. Also, the coin reached the oversold region of the market and buyers are emerging. The bulls have made an upward move towards the EMAs. On the upside, if the bulls break above the EMAs, the crypto’s price will rise to retest the $0.40 and $0.46 resistance levels.

As the market is set for an upward move, traders are expected to buy low and sell high. Similarly, traders should look out to buy setups to initiate long trades in anticipation of a bullish trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

XRP/USD Short-term Trend: Bullish

On the 1-hour chart, the XRP price is in a bullish trend. The 12-day EMA and the 26-day EMA are pointing northward. The bulls have broken above the EMAs to reach the bullish trend zone.

The XRP price has risen from its low at $0.29 to the $0.32 price level. If the bulls sustain the price above the EMAs, the crypto’s price will rise. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. signal.

XRP’s price is $0.32 XRP/USD exchange rate today. The real-time XRP market cap of $13.8 Billion currently ranks #3 with , daily trading volume of $444.54 Million and live coin value change of XRP 3.07 in the last 24 hours.

Latest Ripple Industry News and XRP Coin Analysis Updates

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \ Investment Disclaimer

Read Original/a>
Author: Azeez Mustapha