Cryptocurrencies Price Prediction: Ethereum, SafeMoon & Bitcoin – American Wrap 20 July
|Three reasons why Ethereum could rally to $2,000
Ethereum price touched the rally’s 61.8% retracement level and the June 26 low today before catching a soft bounce. The test of the formidable support aligned around $1,700 combined with an emerging overbought condition on a lower timeframe does project a bounce for ETH that may extend to $2,000 or more.
SafeMoon Price Forecast: SAFEMOON has no shelter, bound for a 30% drop
SafeMoon price has been coiling in a descending triangle formation since the May crash, with no high probability opportunities or upside momentum, reflecting a complete evacuation of investor interest. As descending triangles reflect a bearish bias among speculators, the outlook is tilted to the downside for the short-term.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto markets bleed as bulls prepare for final comeback
Bitcoin price has been on a steady downtrend since June 15, with an intermediate pump that peaked on June 29. As the descent progresses, BTC approaches a crucial support level that could be swept before kick-starting an upswing. Ethereum and Ripple have both followed the big crypto’s lead, but XRP price seems to have already triggered its upswing.
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.