FutureBlockchain

FutureBlockchain

XRP successfully climbed up from $0.26 to $0.285 in the beginning of the week. Unfortunately, it hit the downtrend channel edge on August 26, which caused an immediate fall to the levels around $0.26 and test/brake of this support level. Now, we see $0.245 as the next major support for bulls. The level was last visited in August 2018 and we will closely monitor...

FutureBlockchain

The ETH/USD pair made an attempt to stabilize its price and return to growth during the last few days of the previous workweek. It was rejected right at the downtrend corridor, at $194 and continued its way down. The solid support zone between $190-$180 was also broken and on August 28 we saw the ether closing below $180 for the fist time since May 2019. The...

FutureBlockchain

Given the latest developments in regards to the XRP price and the formed downtrend channel, most people are expecting further decline. The heavy support around $0.26, however, suggests that after few tests of that zone, the coin is ready to move up. I would like to wait for the price to reach the crossing point of the two mini trendlines marked with the triangle sides.

FutureBlockchain

The recent Bitcoin (BTC) selloff resulted in few tests of the $10k and $9,400 support levels, all of which not successful. I expect a bullish reversal and another attempt to break above the downtrend channel on August 27-28 (or BTC move upwards to the levels around $10,300-$10,400)

FutureBlockchain

As predicted BTC found support at $9,400 before rebounding back to levels above $10k. Expecting another test of $9,400 or reversal to the mid-$10k's in the next 3 to 4 days. Trading volumes also spiking from $25 billion yesterday to more than $30 billion today afternoon.

FutureBlockchain

Ethereum (ETH) followed the steps of the cryptomarket and fell below its long-standing support at $200. Now looking for support in the $190-$180 zone.