Cryptocurrencies price prediction: Bitcoin, Ripple & Ethereum - Asian Wrap 18 Nov
|Bitcoin price update: BTC/USD grinds towards two distinct breakout patterns
Bitcoin continues with the support shuttering movements on Friday last week. However, the weekend session experienced shallow recovery across the board. Bitcoin posted minor gains above $8,500. The prevailing trend is generally bearish with BTC trading at $8,448 after correction from $8,502 (intraday high).
Ripple price analysis: Falling wedge, the ingredient XRP/USD needs for a breakout above $0.30
The cryptocurrency market posted modest recovery moves over the weekend from a general perspective. However, selected assets like XRP remained depressed towards key support levels. For instance, attempts to push towards $0.30 failed short of $0.27.
Ethereum price analysis: ETH/USD weekend recovery magic falters, target shifts to $180
Ethereum bulls joined the weekend tur of war tussle with the bears. Their efforts were rewarded by a significant recovery from $177 of Friday to levs within a whisker of $187. The push towards $190 lost strength on testing the barrier provided by the 61.8% Fib retracement level taken from the last swing high at $191.89 to a swing low of $177.16.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.