Cryptocurrencies Price Prediction: Ethereum, Bitcoin & Ripple — Asian Wrap 29 July
|Ethereum Price Prediction: A Textbook Knife-Catch Scenario
Ethereum price follows classic smart money fakeout anticipated throughout the week. Ethereum price shows divergence between two impulse waves deeming the ETH price problematic to hodl. A second retracement into the $1,270 level remains on the cards. Invalidation of the impulsive rally is a breach of $1250.
Bitcoin Price Prediction: Is the real bull run starting now?
Bitcoin price performs an impressive fake out, rallying 18% in two days. The 1-2-1-2 wave pattern can justify a sharp incline in the coming days towards $28,000. A bullish case should not be ruled out entirely. Invalidation of the uptrend is a break below is a break below $20,690.
XRP Price Prediction: A case of sneaky divergence
XRP price prints a sneaky bearish divergence pattern on the daily chart. Ripple price retraces the historical trend with an uptick in transactions on the Volume Profile Indicator. Invalidation of the macro bearish outlook remains a breach above $0.48.
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