Cryptocurrencies price prediction: Bitcoin, Ethereum & Ripple - American Wrap - 14 October


BTC/USD technical analysis: Volume is looking thin as the market looks to break 8.5K

The four hour chart below is showing the price in its consolidation zone between 8,826 and 7,701.

Today price is right in the middle of the consolidation zone and it holding at the mean value area represented by the volume profile indicator on the right-hand side of the chart.

There is also a support zone at 8,220 which is marked by the small blue rectangles on the chart and this level seems like a magnet for price.

It is left to the US traders to pick up the momentum and push the price higher but if the price breaks the support xone the next level on the way down is 7,701 consolidation support.

ETH/USD technical analysis: Ethereum has just bounced off a decent support level

Ethereum is performing well today and trades 3.14% higher today bouncing off the 180.00 support zone.

After the pair found support 150.00 back on 26th September 180.00 has been a pivot level ever since.

On the chart below you can also see the channel formation that has been pretty well respected, but the most encouraging sign for the bulls has been the volume on the last four-hour candle.

Ripple's XRP technical analysis: XRP/USD bulls must breakdown big barrier at $0.3000 for greater heights

Ripple's XRP price is trading with gains of some 4.50% in the session on Monday. 

XRP/USD bulls have to find another push to breakdown the heavy supply at $0.3000. 

Price action can be seen moving within an ascending channel structure, which could be also viewed as a bearish flag. 

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.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin resumes the decline after a consolidation period

Bitcoin crashed below $8,700 and tested $8,550 during early Asian hours on Thursday. The coin moved outside the recent range and extended the downside into the end of the week. BTC/USD has lost 2% since the beginning of the day and 1% in recent 24 hours. 

More Bitcoin News

Altcoin segment: bullish war drums

Sunny King, the creator of the consensus protocol Proof of Stake (PoS), has stated in a recent interview that Bitcoin has a vital role as a reference value in the crypto-verse, but that the highest growth potential is in the Altcoin segment.

More Cryptocurrencies News

ETH/USD hovers around $185.00, vulnerable to further losses

ETH/USD is trading at $185.27 at the time of writing, having recovered from the intraday low of $184.11. The second-largest digital asset with the current market value of $18.8 billion has lost 1.34% of its value since the beginning of Thursday and stayed mostly unchanged on a day-to-day basis. 

More Ethereum News

Ripple price prediction: XRP/USD smashes below critical support of $0.2700 – Confluence Detector

Ripple’s XRP extended thee sell-off to $0.2633 on Thursday. The coin is moving in sync with the market, controlled by bearish sentiments. A sustainable move below $0.2700 support bodes ill for XRP's short-term forecast, making it vulnerable to further losses.

More Ripple News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: Bulls wasted their chance

Bitcoin has been oscillating in a depressingly tight range since the beginning of November. Vanishing volatility makes it harder to engineer a decisive breakthrough from the range. 

Read the weekly forecast

BTC

ETH

XRP